HAMPs Loan Modification Has Finally Got Moving

The HAMP program has finally started to get some momentum and provide a substantial amount of troubled homeowners with a way out of foreclosure. Unfortunately, this help seems to be too little, too slow, and too late. However, one must accept that steps are being made and that although not all targets have been met, significant progress is finally occurring. Let?s look at the hard data. -       After over a year since the program started 168,000 households now have permanently modified mortgage. This represents an increase of over 50,000 from January 2010 and 100,000 from December. -       There 92,000 trial modifications in the final stages before a permanent modification. According to Treasury the average saving for each homeow