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Home Affordable Unemployment Program
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 […]
Home Affordable Unemployment Program
/in Foreclosure & Loan Mod Blog /by Scott LaninThe 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 […]
When Mortgage Mediation Is a Gamble
/in Foreclosure & Loan Mod Blog /by Scott LaninHere is a NY Times article in today’s paper discussing mediation programs for foreclosures in Nevada. It refers to problems that are similar to those in the NY settlement conference program. When Mortgage Mediation Is a Gamble