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Navigating the Home Affordable Modification Program*
Divided into 2 parts, this video is intended to help homeowners who are experiencing financial hardships to understand the benefits of the Home Affordable Modification Program (HAMP) and how they can take advantage of its availability. It explains the eligibility requirements and types of adjustments that can be made to mortgage loans.
Part I - a basic orientation for homeowners who may not have heard of HAMP, the objectives of the program, and how to find out if you qualify.
Part II - discusses the information homeowners need to provide their mortgage servicer, demonstrates how affordability is achieved through a realistic example, and the steps homeowners need to take to ensure success in modifying their loans.
For more information, contact your CMG MI Account Executive.
*Please note - The video addresses HAMP requirements for loans owned by Fannie Mae or Freddie Mac. For loans retained in Credit Union portfolio, the requirements may be different. Please consult your CMG MI Account Executive. |