Why Did The Home Affordable Modification Program (“HAMP”) Fail?

The 2009 Home Affordable Modification Program (HAMP) was supposed to help about 3 to 4 million homeowners in underwater or otherwise troubled mortgages by offering substantial financial incentives for loan modifications. The program was well-designed and attractive in theory: applicants had to meet screening criteria to ensure that the most severe cases were prioritized, and all stakeholders faced substantial financial incentives for each successful modification.

via Columbia Ideas at Work : Feature.

HAMP-Strung: Mortgage Modification Program Seeing Too Many Redefaults (dailyfinance.com)
The Stunning Failures of Obama’s Mortgage Program (townhall.com)

CLICK HERE TO GET TODAY'S BEST WRITING ON THE PLANET DELIVERED TONIGHT

BIZCATALYST 360°https://www.bizcatalyst360.com/about/

WE ARE THE AWARD-WINNING PUBLISHING DIVISION OF 360° NATION —PRESENTING OUR LIFE, CULTURE, AND BIZ MULTIMEDIA DIGEST AS A HUB OF CREATIVE EXPRESSION AND PERSONAL GROWTH. WITH AN EMPHASIS ON ACTION, OUR VAST GLOBAL CONTRIBUTOR COMMUNITY EMPOWERS PEOPLE TO TRANSITION FROM KNOWING WHAT TO DO TO ACTUALLY DOING IT —ALL COMPLEMENTED BY SYNDICATION RELATIONSHIPS WITH A CHOICE GROUP OF EQUALLY INNOVATIVE MEDIA OUTLETS. TODAY AND EVERY DAY, WE SIMPLY DELIVER THE VERY BEST INSIGHTS, INTELLIGENCE, AND INSPIRATION AVAILABLE ANYWHERE —DOING IT OUR WAY BY PLACING OUR WRITERS AND OUR AUDIENCE AT THE FOREFRONT. IT'S MAGICAL. IT'S EVERGREEN. AND QUITE FRANKLY, IT'S JUST GOOD STUFF. PERIOD.

DO YOU HAVE THE "WRITE" STUFF? If you’re ready to share your wisdom of experience, we’re ready to share it with our massive global audience – by giving you the opportunity to become a published Contributor on our award-winning Site with (your own byline). And who knows? – it may be your first step in discovering your “hidden Hemmingway”. LEARN MORE HERE

A DECADE+ OF STORYTELLING POWERED BY THE BEST WRITERS ON THE PLANET

Why Did The Home Affordable Modification Program (“HAMP”) Fail?

Related articles

JOIN THE CONVERSATION Cancel reply

DAILY INSPIRATION. DELIVERED.

"WE DON'T DO IT ALL, BUT WE DO IT ALL FOR GOOD"

let's rediscover humanity togetherIt's About Time ...