Is HAMP Poised to Improve in Year 3?

``Because of the Dodd-Frank Act, servicers will now be required to provide borrowers every input that went into their NPV test when they deny HAMP loan modifications due to negative net-present values. And if the borrower finds that there are errors in those inputs, they’ll be able to call the Treasury’s new call center and… well, we’ll have to see how that whole thing pans out before commenting further... ven under Dodd-Frank’s new requirement, Treasury is not required to release the formula in its entirety, rather they are only required to release components of the formula they do not consider proprietary. So, although this is a step in the right direction, it’s a far cry from what one would think of as being transparent.''