Home Affordable Modification Program: Overview
The Home Affordable Modification Program (HAMP) is designed to help financially struggling homeowners avoid foreclosure by modifying loans to a level that is affordable for borrowers now and sustainable over the long term. The program provides clear and consistent loan modification guidelines that the entire mortgage industry can use. The Home Affordable Modification Program includes incentives for borrowers, servicers and investors.https://www.hmpadmin.com/portal/programs/docs/hamp_servicer/mhahandbook_34.pdf
