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HAMP on Track to Reach Goals. No Update On Redefault Rate
The Treasury Department announced Tuesday morning that its Making Home Affordable Program (HAMP) now has more than 650,000 mortgage modifications underway, a number that puts it on track to meet its goals over the next few years.While the number of borrowers the program is helping has dramatically increased over recent months, the effectiveness of the program is dependent upon the ability of borrowers to maintain a stable payment history after their loan is modified. Unfortunately the Treasury has yet to provide an update on the re-default rate amongst trial modifications.
Home Buyer Tax Credit Information Resources
We've been getting a lot of questions about the particulars of the Home Buyer Tax Credit Extension. While I wish we could take credit for the abundance of information below, we can't. However, we can point you towards the source. We hope you find these resources useful.
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