Making Home Affordable Program

They are just. The making home affordable program of the united states treasury was launched in 2009 as part of the troubled asset relief program the main activity under mha is the home affordable modification program. For immediate assistance call 888 995 hope 4673 hearing impaired.

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As a freddie mac seller servicer you play a vital role in implementing this program and assisting borrowers who have freddie mac owned mortgages with.

Making home affordable program. In early 2009 treasury launched the making home affordable program mha to help struggling homeowners avoid foreclosure. Making home affordable or the obama mortgage as it sometimes called is a key program in president barack obama s effort to help homeowners avoid foreclosure. The making home affordable act mhaa is really a group of many connected programs all with the aim of relieving financial hardship caused by home ownership. 1 review for making home affordable 5 0 stars.

I thought i d put this up because i wasted time and almost gave away information responding to all those ads offering to help with home loan refinancing mortgage reduction. Turns out you don t need to bother with those. The first thing they all do is to ask for your info for a credit report and phone number to hassel you. The largest program within mha is the home affordable modification program hamp.

Mha is only one part of the obama administration s broader efforts to strengthen the housing market. 877 304 9709 tty let an expert from a hud approved housing counseling agency help you understand your options prepare your application and work with your mortgage company. Hamp s goal is to offer homeowners who are at risk of foreclosure reduced monthly mortgage payments that are affordable and sustainable over the long term. As of december 30 2016 no new applications or new requests for assistance under any mha program will be accepted.

You may be eligible for more than one program so be sure to click on the link under each section to find out more about eligibility and benefits. Over the last seven years the making home affordable mha program has helped over 1 8 million families obtain mortgage relief and avoid foreclosure. Principal reduction alternative pra assists homeowners with a loan to value ratio exceeding 115 percent. Home affordable unemployment program up.

Freddie mac is pleased to play a key role in sustaining homeownership and supporting the federal making home affordable program announced on march 4 2009. This program was designed to aid approximately seven to nine million eligible homeowners by lowering their monthly mortgage payments to a more manageable level. Other programs under mha include.