HAMP Progress Report Due Today 9-4

[Roberto77]

It mid-day and still no release of HAMP Progress Report by the Feds. Of course, their language states: "The Administration expects to issue reports detailing the progress of modifications under the HAMP program each month. This report will be updated to include additional metrics and results as the program progresses and more data becomes available".

The key word is "expects" and no certain day but a reasonable person would assume that the day would fall on the same day as the 8-4-09 report -- but "reasonable" with the Feds and the banks is a stretch.

Robert77

[Evan Bedard]

Hi roberto77,

We are also hoping that the progress report counts permanent modifications and just not the trial periods. Many homeowners are being offered the trial period but very few have recieved a permanent modification once the period is over...

[ama125]

I believe the servicers have until the end of the fourth business day to submit their data via the HAMP Data Collector tool on the servicer website (hmpadmin.com) so we will not likely see any report today. Then, consider how long it may take the Treasury to compile all the data to put into that progress report. We'll see something this month, just not sure when that will be.