Treasury to pay investors triple for HAMP principal reductions

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Investors. borrowers, Treasury has notified the GSE’s regulator, FHFA, that it will pay principal reduction incentives to Fannie Mae or Freddie Mac if they allow servicers to forgive principal in.

Home Affordable Modification Program (HAMP) Families in this program typically reduce their monthly payments by a median of more than $530 each month. But the program’s impact goes even further. HAMP has also encouraged private lenders to modify mortgages at no expense to taxpayers. When the housing crisis began,

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The invitation to the meeting, described by The New York Times as an ultimatum, was sent as a joint letter signed by Treasury. investors who are interested in seeing a change in HAMP to promote.

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When FHFA prepared the January analysis, Treasury offered subsidy payments to private investors who engaged in principal forgiveness in connection with HAMP but not to the Enterprises. The January analysis assumed the Enterprises absorbed the full cost of principal forgiveness.