REVISED VA MAKING HOME AFFORDABLE PROGRAM
home retention loss mitigation options provide an affordable payment, the servicer must evaluate the loan for a HAMP-style modification prior to deciding that the default is insoluble and exploring alternatives to foreclosure.
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VA Making Home Affordable Program
www.benefits.va.govVA Making Home Affordable Program . 1. Purpose. This Circular provides authority and instructions for modifying Department of Veterans Affairs (VA) guaranteed home loans in accordance with the President’s Making Home ... Under HAMP, an affordable modification is defined as a new monthly mortgage payment (including principal, interest ...
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