HUD Secretary Shaun Donovan announced today the Federal Housing Administration has made changes to its loan modification program so that it will more closely match President Obama’s Home Affordable Modification Program (HAMP) under Making Home Affordable. It is hoped that the new FHA mortgage loan modification guidelines will be in place by August 15th. How [...]
President begins rescue plan for Homeowners
Treasury announced the first six lenders to participate in the President’s program. JPMorgan Chase will get up to $3.6 billion in subsidy and incentive…

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