Quote:
Originally Posted by davephx  flagirl4444 Good points. I agree. heidi79 - No recent info on 2MP. Last news article a few months ago that there were no participants and Treasury was negotiating with the largest holders of 2nds. But heard nothing more. It is great - automatic down to 1-2% interest if get HAMP.
There is one report here that loan person said they were participating in 2MP, Wells as I recall. But no one else with the servicer reports this so not sure how accurate it is.
Details are at https://www.hmpadmin.com/portal/prog...cond_lien.html
But on October 20, 2009 in a blog: Steve Bush replied:
Are there any accounts of ANY servicer/lender taking advantage of the second lien program. I cannot find any. |
The only lender I have seen willing to do anything with the second lien was NationStar. Once the first loan was coded for the HAMP they were willing to match the reduction on the second. Both loans were with NationStar.