Archive for May, 2010
HAMP Modifications Have Just a 50% Success Rate: Moody’s
The most recent Home Affordable Modification Program (HAMP) report released by the U.S. Treasury shows “extremely low conversion rates” from trial to permanent modifications, with success just a 50/50 gamble, according to commentary from Moody’s Investor Service.
As of the end of April, servicers participating in HAMP had converted almost 300,000 permanent modifications. However, they had [...]
Renovate Right - New Rules for Renovators
As of April 22, 2010, the U.S. Environmental Protection Agency (EPA) has passed a new rule for renovations concerning lead-based paint, reinforcing the “Renovate Right” campaign featured in an agency pamphlet from 2008. These new rules apply to anyone who is paid to perform renovations that may disturb paint in any facility or home that [...]
