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Home Affordable Modification Program Government Monitoring Data Form

Home Affordable Modification Program Government Monitoring Data Form

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Instructions and help about information for government monitoring form

http://keaveneylegalgroup.com/attorney You may have heard how the government bailed out many large corporations, but what has it done to help the little guy? The Making Homes Affordable Program is a government program designed to create a set of standardized guidelines for lenders to use when determining whether a borrower qualifies for a loan modification. So, how does this benefit you? How do you find out if you qualify? What do you need to do to get this assistance? The main part of MHA that affects the average homeowner facing foreclosure is the Home Affordable Modification Program (HAMP). Under HAMP, lenders receive incentives from the government for modifying homeowners' mortgages. Lenders are required to actively inform borrowers about eligibility to participate in the program and to use a certain value calculation for the home specifically developed for HAMP. The value calculation is designed to determine whether the lender would still make any money under the modified

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