by Calculated Risk on 3/04/2009 09:24:00 AM
Wednesday, March 04, 2009
Treasury Releases Detailed Guidelines on Mortgage Modification Plan
From MarketWatch: Treasury says mortgage plan to help up to 9 mln homeowners
The Treasury Department released guidelines to its mortgage modification plan on Wednesday and said that the program will help up to 9 million homeowners avoid foreclosure. The guidelines will enable servicers to begin modifying mortgages right away ... The Treasury program also includes incentives for removing second liens on loans.From financialstability.gov (Treasury site):
Summary of Guidelines
Modification Program Guidelines
Counselor Q&A
Fact Sheet