American Home Mortgage Servicing Inc. has announced its participation in the Home Affordable Modification Program (HAMP), a key component of President Barack Obama Administration’s Making Home Affordable Program to help struggling borrowers reduce their mortgage payments to affordable levels. In connection with AHMSI’s participation in HAMP, the Treasury has allocated a cap of $1.272 billion as interest rate subsidy and incentive payments, which potentially can be earned by AHMSI, borrowers, and investors of successfully modified loans under HAMP.Read more
More state and national mortgage news and mortgage press releases:
- Loan Servicing Platform from Fiserv meets new Making Home Affordable Loan Modification requirements Fiserv Inc., a provider of financial services technology solutions,...
- Agencies issue interim final rule for mortgage loans modified under the Making Home Affordable Program The federal bank and thrift regulatory agencies has invited...
- HUD announces expanded eligibility for Making Home Affordable financing U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan has...
- Homeowner Toolbox implements eligibility parameters for Making Home Affordable Program Homeowner Toolbox Inc. has announced that their online tool...
- LPS Desktop Loss Mitigation deploys Home Affordable Modification (HMP) functionality Lender Processing Services Inc., a provider of integrated technology...
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