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AZG:
Your handle of the current HARP & HAMP specifics are spot on!!! I understand that the Federal process for the HARP states that a borrower can use any Servicer, are you aware of any firms currently willing to utilize it? In addition, I believe that I read that the Government changed the rules pertaining to liquidity in a personal 401K program meaning that before “changes” the funds in a 401K were exempt from being considered as assets. Also, it is my understanding that a borrower may choose to voluntarily provide (or not) all members of the household incomes for the process of HAMP or HARP program. In contrast, while it is my understanding that all persons listed on the note must provide the required financial information to participate. What if the note simply states “Joe Shmoe a married man” is the spouse, who is unnamed considered “on the note?” therefore their income is required? Thanks for all of your posts.