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

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HAMP May Come To An End


March 3rd is the date when the House Financial Committee will meet to discuss if they are going to put a stop to the HAMP PROGRAM, which stands for the home affordable Modification Program.  The HAMP programs has been unsuccessful in helping distressed homeowners modified their current loan terms and it has cost a lot of money.  This program has not done what it was intended to do, which was to help the homeowner.  As of December 2010 there have only been 30,000 permanent loan modifications that have been approved.  This program was suppose to help millions of homeowners and it has fallen short.