Details of HAMP Improvements and New FHA Refinance Program.
the link above will give you a few details. Here are some details:
- Temporary assistance for unemployed homeowners while they search for re-employment. Payments reduced to affordable level for a minimum of three months, and up to 6 months for some borrowers, while eligible homeowner looks for new job.
- All servicers (who you make the check to) are requirement to consider alternative principal write-down approach and increased principal write-down incentives. This pertains to borrowers who owe more than 115% of the homes value
- Other implementations are to reach more consumers and help those going through foreclosures by making the process smoother.
Thank you,
Matt Steinmetz
NMLS# 221315
Envoy Mortgage- Hiring experienced Loan Originators, Ask me for more info.
2151-A2 Salvio St.
Concord, CA 94520
Phone 925-671-9501 x119
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