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Home | Tag Archives: HAMP

Tag Archives: HAMP

Treasury Clarifies HAMP Participation Numbers Reported by SIGTARP


As a result of the improvements Treasury has made to HAMP over the years, the number of denied HAMP applications has been steadily declining each year since 2012. That year, the number of denied applicants reached 998,000. In 2013, that number decreased by almost 50 percent down to 523,000. In 2014, the number dropped to 334,000, and for the first four months of 2015, the number was 100,000.

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FHFA Announces Extension of HARP and HAMP Until the End of 2016


The government's Home Affordable Refinance Program (HARP) and Home Affordable Modification Program (HAMP) will be extended until the end of 2016, according to an announcement from FHFA Director Mel Watt on Friday. Speaking at the Greenlining Institute 22nd Annual Economic Summit, Watt announced a one-year extension of HARP, which was set to expire at the end of this year. The one-year extension until the end of 2016 for HAMP was previously announced in July. Both of the government's affordable housing programs began in 2009 in response to the housing crisis.

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Report: GSEs’ HAMP Modifications Perform Better Than Non-HAMP Mods


According to FHFA, nearly 1.1 million distressed homeowners have been offered a HAMP modification since April 2009, when Treasury and HUD started the program. Out of those, approximately 638,200 homeowners received permanent modifications. As of the end of the fourth quarter, about 7,700 homeowners were currently involved in a trial HAMP modification.

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