The Making Home Affordable Program is one component of the Obama Administration’s comprehensive strategy to get the US housing market back on its feet. The Making Home Affordable Program puts some very strong options into the hands of American homeowners. The Home Affordable Refinance Program (HARP) assists with the refinancing of struggling mortgages, the Home Affordable Modification Program (HAMP) and the Second Lien Modification Program (2MP) will assist with modifying first and second mortgages/mortgage loans, and the Home Affordable Unemployment Program (UP) is available to provide unemployed borrowers with temporary assistance avoid foreclosure.
Read more:Facing Foreclosure? HAMP & HAFA Can Help!