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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!
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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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