Home Affordable Modification Program
Home Affordable Modification Program

Programs

The Home Affordable Modification Program (HAMP) was introduced in March 2009 as a key component of the Making Home Affordable Program (MHA). Since that time, several programs (listed below) have been updated or added to the original MHA Program to address other lending and servicing needs beyond primary modifications or refinances.

Guidelines have been developed to assist servicers in understanding the process for implementing these Programs. This information addresses the details of major processes and key questions that servicers may have regarding the Programs.

Resource documents and tools - some available only to approved and participating servicers - can be found on the following pages that are specific to each Program:

  • Home Affordable Modification Program (HAMP)
    Designed to enable borrowers that meet eligibility requirements to avoid foreclosure by modifying loans to a level that is affordable for borrowers and sustainable for the long-term.
  • Home Affordable Unemployment Program (UP)
    Provides servicers with the flexibility to provide assistance to borrowers whose hardship is related to unemployment and is a supplemental program to the Home Affordable Modification Program (HAMP). Specifically, UP requires servicers to grant qualified unemployed borrowers a forbearance period during which a borrower's monthly mortgage payment may be reduced or suspended prior to considering such borrowers for HAMP.
  • Second Lien Modification Program (2MP)
    Designed to enable borrowers struggling with their mortgage to lower payments on second mortgages.
  • Home Affordable Foreclosure Alternatives Program (HAFA)
    Designed to provide borrowers that do not qualify for a HAMP modification with options to avoid foreclosure through a short sale or deed-in-lieu.
  • Treasury FHA Home Affordable Modification Program (Treasury FHA-HAMP)
    Designed to enable borrowers with FHA-insured first lien mortgage loans that are modified under FHA-HAMP to be eligible for certain incentive payments under HAMP.
  • Treasury/FHA Second Lien Program (FHA2LP)
    Designed to enable borrowers who are current on a negative equity mortgage to restructure their debt and refinance into an FHA-insured first lien loan.
  • RD Home Affordable Modification Program (RD-HAMP)
    Designed to enable borrowers with RHS-guaranteed first lien mortgage loans that are modified under RHS guidelines to be eligible for certain incentive payments under HAMP.
  • Program Guidance
    Guidance and requirements for servicers to use in their understanding and implementation of the MHA Program.