Saturday, January 28, 2012

Treasury to pay investors triple for HAMP principal reductions

[Update 1: Adds comment from FHFA Acting Director]
The Treasury Department will triple payments to mortgage investors for reducing borrower principal through an expanded Home Affordable Modification Program announced Friday.
Officials announced several critical changes to HAMP, including an enrollment extension to Dec. 31, 2013, from its original expiration date at the end of this year.
The Treasury [...]  ****Treasury to pay investors triple for HAMP principal reductions:

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