The government's Home Affordable Modification Program, part of the government's Making Home Affordable Program, which encourages lenders to
offer more loan modifications by giving them grants, subsidies, and other financial incentives.
Not exact matches
In addition to their free lead promotions, the Lead Planet will be
offering free sales training to brokers,
loan officers and lenders when they purchase 100 or
more loan modification, debt settlement or mortgage lead packages.
The plan is being
offered to home owners who are considerably underwater on their mortgage (meaning they owe significantly
more than their homes are actually worth), and whose
loan is under consideration for
modification through the government's Home Affordable Modification Pro
modification through the government's Home Affordable
Modification Pro
Modification Program (HAMP).
A non-traditional refinance or a
loan modification offered by the federal government or a lender has
more flexible income and equity guidelines.
In the midst of these economic hard times, failing banks are
more motivated to
offer loan modifications to their troubled and delinquent borrowers.
Thanks to programs such as those proposed by Fannie Mae and Freddie Mac to assist subprime borrowers, many lenders are
more willing to
offer loan modification options.
They
offered «easy»
loan modifications and «foreclosure counseling» that were often nothing
more than attempts to wrest money from distressed consumers.