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You are here: Home / Featured / November Making Home Affordable Report

November Making Home Affordable Report

January 15, 2014 By Dave Franecki

Per the Treasury, November Home Affordable Modification Program  (HAMP) loan modifications reached nearly 23,000 making the total active modifications to just over 922,000. Additionally almost 23,000 loans have been paid off.

HAMP 2MP HAMP 2MP

Homeowners reduced their first-lien mortgage payments by a median of approximately $546 each month. Apparently the government program has save $24.2 B to date. 

HAMP

Home Affordable Modification Program

 

The governments Second Lien Modification Program (2MP) has helped more than 123,000 homeowners saving a medium of $153/month. Nearly 32,000 2MP modifications have extinguished the debt. 

 

For information on Nonperforming notes, click here

 

Filed Under: Featured Tagged With: 2MP, Approved, Dave Franecki, Declined, Foreclosure, HAMP, Home Affordable Modification Program, Metropolitan Financial Services, Mortgage Loan Modification, November Making Home Affordable Report, Pre-approval, Pre-Approved, Rejected, Second Lien Modification Program, Short Sale

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