Making Home Affordable Encourages Principal Reductions

by | Apr 1, 2012 | Mortgage Modification | 0 comments

Making Home Affordable Encourages But Does Not Require Principal Reductions

HAMP has increased financial incentives to servicers for principal reductions. However, servicers are not required to give principal reductions.

See HAMP Supplemental Directive 12-01, issued February 16, 2012.

Pin It on Pinterest