Relevant:
- New Housing Program Is Aimed at the Unemployed
- House Puts Making Home Affordable Under the Microscope
- making home affordable preliminary results; program expanded
- Obama Administration to Announce Expansion of HAMP – Principal Reductions and Help for Unemployed
- Second Lien Holders Hold Modification Seekers Hostage: Is Bankruptcy The Solution?
2009-07-30 — thetruthaboutmortgage.com
" The new “FHA-Home Affordable Modification Program†aims to make monthly mortgage payments more affordable through the use of a partial claim, which defers the repayment of mortgage principal through an interest-only subordinated lien."
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