Treasury to pay investors triple for HAMP principal reductions

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engaged in principal forgiveness in connection with HAMP but not to the Enterprises. The January analysis assumed the Enterprises absorbed the full cost of principal forgiveness. Subsequently, Treasury announced that it would triple the subsidy payments offered to investors for forgiveness and make the same payments to the Enterprises as to.

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The Treasury Department late Friday unveiled a new plan to expand the Home Affordable Modification Program (HAMP) by increasing the incentive fees it pays investors including Fannie Mae and Freddie Mac for agreeing to reduce the principal amount of a mortgage.. Treasury notified the Federal Housing Finance Agency (FHFA) that it will pay principal reduction incentives to Fannie Mae and Freddie.

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US Treasury Forcing Mortgage Principal Forgiveness .. Those involve interest rate reduction and principal forbearance. The newly expanded HAMP, however, with its triple- sized cash incentives.

principal forgiveness, a reduction in the amount the borrower owes. Before then, the program had been limited to other ways of reducing payments. (This report refers to HAMP without principal reduction as "standard HAMP.") For the borrower, principal forgiveness provides not only a lower monthly payment, but also, unlike standard

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In January, Treasury announced it would triple the incentives paid to investors who permanently write down principal on deeply underwater loans under its HAMP Principal Reduction Alternative. For.