HAMP Second Lien, NPV Details Finalized; Moody’s Says Modification Goals on Track
August 21, 2009
The Obama administration this week continued to roll out more operational details about the Home Affordable Modification Program and, despite lingering concerns about its implementation, Moody’s Investors Service said the initiative could meet its goal of 500,000 mods by November. The administration’s latest data show that mortgage servicers had offered 400,000 HAMP...