2010-05-18 — housingwire.com
"As of the end of April 2010, servicers participating in the Home Affordable Modification Program (HAMP) had canceled 277,640 three-month trials since the program launched in March 2009, according to the Treasury Department."
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mortgagemess at 08:36 2010-05-19 said:
The reality of the cancelled HAMP trials is that many of these lenders approached HAMP the same way they did stated loans..based on the income given by the borrower, the lender put the borrower in a "stated income" modification..then it didn't match up... Permalinkadd a comment | go to forum thread
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