HAMP Servicers Restructure Half Of Second Mortgages

10 Jan 2012

Mortgage servicers participating in the Department of the Treasury’s Home Affordable Modification Program have restructured roughly half of the second mortgages in their portfolios.

Mortgage servicers participating in the Department of the Treasury’s Home Affordable Modification Program have restructured roughly half of the second mortgages in their portfolios. The Treasury Department said many of the remaining loans are “either still in the evaluation process by servicers, awaiting homeowner response to the [second-lien ...

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