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Oct
09

Home Affordable Mortgage Program Reports Over 500,000 Trial Loan Mods in Progress

By Kathryn Bovard

The Obama Administration released it’s latest progress report on the Making Home Affordable Program – citing that more than 500,000 trial loan modifications are in progress.

Press Release – October 8, 2009 (Making Home Affordable website)

Today, almost one month ahead of a November 1 benchmark set earlier this year, the U.S. Department of the Treasury and U.S. Department of Housing and Urban Development (HUD) announced a new milestone of more than 500,000 trial loan modifications in progress under the Making Home Affordable program.

MHAP Report [Oct 8]

Loan Modification may be an alternative for some homeowners.  The Making Home Affordable website is packed with information and resources:

Borrowers Frequently Asked Questions

Payment Reduction Estimator

Modification Evaluator

Are you a Las Vegas Homeowner facing a possible foreclosure or considering a short sale?

Contact us for a free consultation regarding your options – there are solutions!
Call  702 – 497-7705


Related posts:

  1. Hope Now Reports Permanent Loan Mods Triple HAMP in July
  2. HAFA Series Part 1 – What is the Home Affordable Foreclosure Alternatives Program?
  3. HAMP July Scorecard…Are Loan Modifications Really Working?

Categories : Loan Modifications

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