Angella's Real Estate Secrets & Insider Tips

Home Affordable Modification Program (HAMP) Update

Home Affordable Modification Program (HAMP) Update – I missed this HAMP update yesterday. Although the changes are not all that relevant to most loan originators, struggling homeowners should take note. From the release: Critical Home Affordable Modification Program Waiver Granted to Participating Servicers Effective today, a new critical Home Affordable Modification Program (HAMP) Waiver is granted to [...]

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Mortgage Loan Modification Basics

Mortgage loan modification process is not as simple as many assume.  Here’s a link to a good LA Times article explaining mortgage loan modification programs, and what it takes to qualify for them – http://articles.latimes.com/2009/mar/22/business/fi-cover22 Some of the main points covered are: Most people will not qualify for a mortgage loan modification under any program, because [...]

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