Which Type of Modification is Right for You? A Look at the Trends Regarding HAMP v. Traditional Mortgage Loan Modifications in the U.S

Many homeowners who were delinquent or in default on their mortgages have obtained relief by securing a modification of various terms of their loans. Over a four-year period from 2007 to 2001, the U.S. Treasury reports that more than 2.1 million property owners obtained modifications throughout the United States, and millions more have obtained modifications in the years since.Read the full article