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"The median monthly payment reduction for borrowers enrolled in
the (HAMP) program is $522" - DSnews.com

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Banks Decrease Participation in HAMP


The following information is based on the bailout database and the US Treasury Department.  It has come to our attention that the Home Affordable Modification Program was not a big help in regards to helping distressed homeowners with their mortgages. It has been reported that the there has been a very big decrease in the Banks giving homeowners loan modifications. The banks seem to be more willing to give repayment plans to these distress homeowners. The repayment plans usually increases the homeowners mortgage payment. Bank of America which is the biggest lender has left many homeowners struggling by not giving the customer a loan modification or foreclosing on their home.