“Five Things You May Not Know About HAMP”

The US Department of the Treasury reports five aspects of the Home Affordable Modification Program (HAMP) that many people may not know about.  Tim Massad, the Acting Assistant Secretary of the Treasury for Financial Stability, states, “Before HAMP, there was little meaningful assistance available to struggling homeowners in the midst of the worst housing crisis in a generation. The program continues to help tens of thousands of additional homeowners every month, and it has set important standards for how the mortgage industry assists homeowners industry-wide.”  To read the points Massad makes as to the benefits HAMP has provided during the housing crisis, go to: http://1.usa.gov/fj9CdL

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