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

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The HAMP Program Get's Revised


The HAMP Program began in 2009, and its primary goal was to assist homeowners who were struggling with their mortgage payments.   The HAMP program has come under fire due to the discrimination of the elderly and the disabled.  The program was developed to help homeowners with "an affordable house payment". It was determined that 31% of the homeowners gross income would be the payment amount.  There has been a new rule that targets homeowners who receive pensions and or social security. The ratio has changed to 39% gross income. Many elderly people feel that they are being discriminated upon because of either their age or disability.