(LoanSafe.org) – In March of 2009, the U.S. Treasury announced the Home Affordable Modification program (HAMP) as part of the Making Home Affordable Program. HAMP is simply a mortgage modification program to assist atruggling borrowers that are at risk of forreclosure with their home loan payments.

HAMP applies to home loans taken out prior to January 1, 2009, and is set to expire on December 31, 2012. Servicers must solicit eligible borrowers who are 31 or more days delinquent for a modification under HAMP, but cannot solicit borrowers for this program who are current or less than 31 days delinquent.

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