The Mortgage Modification Conversion Drive has begun.
It’s an effort by Housing and Urban Development and President Obama to help homeowners who feel they can’t keep their head above water.
One professional said local lenders might begin implementing more loan modification programs, but only time will tell how successful this new campaign will be.
The Treasury Department and HUD have announced their partnership to help borrowers in the trial phase of their modified mortgages under the Obama administration’s Home Affordable Modification Program (HAMP), convert to permanent ones.
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