Treasury to pay investors triple for HAMP principal reductions
The Treasury Department will triple payments to mortgage investors for reducing principal through an expanded Home Affordable Modification Program announced Friday.
Officials announced several critical changes to HAMP, including an enrollment extension to Dec. 31, 2013 from its original expiration date at the end of this year.
The Treasury will also require mortgage servicers to factor in [...]...
Published By: HousingWire - Friday, 27 January
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- Treasury shields HAMP dollars away from AG settlement
HousingWire (Today) - "Structuring the AG settlement credits this way makes it more of an additive for principal reduction," Kingsley said. "This way, more borrowers could potentially receive some form of reduced principal."Mortgage...