Sentences with phrase «second lien modification»

In order to take advantage of the government's Second Lien Modification Program, you had to have modified your first mortgage under the Home Affordable Mortgage Program or HAMP.

The Second Lien Modification Program, in conjunction with HAMP, enables borrowers to lower the payments on the home equity line of credit.

The «Making Home Affordable» Program has four mortgage loan modification programs under its umbrella to help distressed homeowners: the Home Affordable Modification Program; the Second Lien Modification Program (2MP); the Home Affordable Refinance Program; and the Home Affordable Foreclosure Alternatives Program.

Second Lien Modification (2MP) Program - Some homeowners struggle to make their monthly mortgage payments because they have a second lien.

There are many other solutions offered, that are frequently adjusted to keep up with rapidly changing economy, such as financial incentives for people with good track of mortgage payments, foreclosure alternatives, second lien modifications, and so forth.

Not exact matches

Until the conflict between first and second lien holders is resolved, loan modification efforts and mortgage write - down programs will likely be met with very limited success.

See second - lien modification program.

In April, more than 111,000 second - lien modifications were completed through the Second Loan Modification Prsecond - lien modifications were completed through the Second Loan Modification PrSecond Loan Modification Program.

In addition, nearly 7,000 Oregon homeowners are currently benefiting from over $ 450 million in refinancing, short sales and completed or trial loan modifications, including principal reduction on first and second lien mortgages provided under the landmark National Mortgage Servicing Settlement.