HAMP - Home Affordable Modification Program

The Home Affordable Modification Program also offered to as HAMP for short is the obama loan modification portion of the Making Home Affordable Plan. The volume of mortgage modifications from president Obama's Homeowner help and assistance program created to make home affordable for the American Homeowner as performed better then the steep goals originally set by Obama himself.

Thats right lenders such as Saxon, Wells Fargo, and Bank of America have really made an effort to do their part by working with the borrowers who bare a financial hardship and are at risk of foreclosure.

How Many HAMP Modifications?

There are now more then 500,000 loan modification proposals granted to Homeowners around the country.

Also loan modifications are now three times more likely to lower principle of mortgage balance!

ProHopeFinancial.blogspot.com tips our hat.