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HAMP and HARP: How Long Will These Programs Continue?

Legislation, Mortgage ModificationsBy Russell DeMott October 30, 2016

The Home Affordable Modification Program (HAMP) is set to expire in December of 2016, after being extended by the federal government several times over the past few years to allow homeowners who were affected by the Great Recession to modify their home loans. To date, the program has helped over 1.8 million families keep their…

Unemployed Homeowners Offered Forebearance on Mortgage Payments

Foreclosure NewsBy Russell DeMott January 25, 2012

Written by Charleston Foreclosure Defense Lawyer, Graves H. Wilson, Jr. Freddie Mac and Fannie Mae are now offering unemployed homeowners an extended forbearance, reducing or suspending mortgage payments for up to a year. This is an increase from the current program in which homeowners can apply for 6-month forbearance. This program is slated to start…