Home Affordable Unemployment Program

September 21, 2010/in Foreclosure & Loan Mod Blog /by Scott Lanin

The Home Affordable Unemployment Program (UP) is a supplemental program to the Home Affordable Modification Program (HAMP) which provides assistance to unemployed borrowers. The Unemployment Program grants qualified unemployed borrowers a forbearance period which reduces or suspends their monthly mortgage payment. The program is effective for participating HAMP servicers on July 1, 2010, however servicers may begin to offer UP earlier. More information and an overview of the Home Affordable Unemployment Program for servicers of non-GSE loans can be found here at the Learning Center. Please call or email me at scott@laninlaw.com or (212) 764-7250 x 201 if you are looking for help with a loan mod or financial problem.

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Home Affordable Unemployment Program

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