Details Emerge About HAMP Changes
CNBCÂ Video confirms changes with Obama administration
More details have emerged about the Barack Obama administration’s plan to expand the Home Affordable Modification Program.
CNBCÂ reported that it confirmed with the administration that big changes will be announced tomorrow.
The changes are targeted at borrower with loan-to-values higher than 100 percent and unemployed borrowers. Second liens are also addressed in the updates.
