HAMP Home Affordable Modification Program
What is required from the lender and the borrower?
Temporary Hardship
- Forbearance
- Repayment Plan
- Payment Reduction Plan
Long-Term Hardship
- Payment Reduction Plan
- Other Forbearance - Modification, Foreclosure, Deed In Lieu, Deed In Lease
Descriptions, Terms and Conditions and Eligibility Requirements
Hardship Affidavit
Net present Value verses Broker's Price Opinion
Verifying Borrowers Income
Steps In a Modification
Verifying Monthly Expenses
Trial Payment Period
Borrowers Notices
