2010: Better Results, But HAMP Still Short

Dymi, Amilda
January 2010
Mortgage Servicing News;Jan2010, Vol. 14 Issue 1, p23
The article reports on the claims of mortgage servicing veterans that the goal of saving five million homes is difficult despite the improvement of the Home Affordable Modification Program (HAMP) in 2010 in New York. It states that the voluntary nature of HAMP is one of the factors that tampered the success of its implementation. Michael Calhoun, president of Center for Responsible Lending, states that foreclosure prevention efforts will not succeeded due to few long-term modifications.


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