Relevant:
- private mortgage modifications triple hamp mods in july
- FHA Foreclosures Increase Prior to FHA Streamline Refinance Rescue Plan
- Repeat foreclosures in New York have reached an all-time high (HAMP TIME-OUT MOSTLY PROTECTED BANKS)
- It's the END OF HAMP... And the Beginning of a New Era in Loan Modifications | Mandelman Matters
- Home Foreclosures Rise, a Moratorium on Foreclosures Is Proposed
2016-11-15 — nypost.com
...
"People think the foreclosure crisis is toward the end, and it really isn't," said Rose Marie Cantanno, supervising attorney of the Foreclosure Prevention Project at the New York Legal Assistance Group. "There are still a lot of people stuck in the middle, trying to do something, but having trouble [negotiating with their lender]."
...
After the federal Home Affordable Mortgage Program, or HAMP, ends on Dec. 31, lenders are unlikely to continue offering HAMP-style income-based modifications with interest rates as low as 2 percent.
The crisis seems to be continuing in high-priced markets... wonder why...
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