With Trial Mod Benchmark Met, Big Challenges Still Ahead for Full HAMP Implementation
October 22, 2009
The government’s Home Affordable Modification Program met the Obama administration’s goal of 500,000 trial mods, but experts this week said the real hurdle to the program’s success lies ahead in the path of both borrowers and servicers. Speaking on an audio conference hosted by Inside Mortgage Finance, experts said the sheer scope and complexity of HAMP has contributed to the skeptical outlook many...