HUD Acts to Boost FHA Fund, Help Troubled Owners; Treasury Reports Rise in Permanent Modifications

摘要

HUD is moving to shore up the FHA Mutual Mortgage Insurance Fund (MMIF), which has been hit hard by rising defaults, while also making loss mitigation measures more widely available to help troubled homeowners avoid foreclosure.rnSeparately, the Treasury Department reported that activity is picking up in the Administration's Home Affordable Modification Program (HAMP), with more loans moving from the trial phase of the foreclosure prevention program to the permanent phase.rnTreasury also announced updated HAMP guidance intended to expedite conversions from trial to permanent modifications.