Home Affordable Modification Program
GPTKB entity
Properties (59)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
government program
|
| gptkbp:aimsTo |
help homeowners avoid foreclosure
|
| gptkbp:canEstablish |
loan terms
|
| gptkbp:canLeadTo |
permanent modifications
|
| gptkbp:hasAbility |
income limits
|
| gptkbp:hasGoals |
limited effectiveness
millions of homeowners |
| gptkbp:hasImpactOn |
housing market
|
| https://www.w3.org/2000/01/rdf-schema#label |
Home Affordable Modification Program
|
| gptkbp:includes |
trial modifications
|
| gptkbp:isAssociatedWith |
loan forgiveness options
|
| gptkbp:isAttendedBy |
servicers of mortgage loans
|
| gptkbp:isAvailableIn |
2021
all 50 states borrowers with a mortgage on their primary residence borrowers facing unemployment |
| gptkbp:isConsidered |
a response to the housing crisis
|
| gptkbp:isDesignedFor |
provide financial relief
low to moderate income families assist struggling homeowners reduce monthly payments to 31% of gross income |
| gptkbp:isEvaluatedBy |
government agencies
success rates independent researchers long-term sustainability effectiveness in reducing foreclosures impact on foreclosure rates |
| gptkbp:isFundedBy |
gptkb:U.S._government
|
| gptkbp:isIntegratedWith |
stabilize the housing market
|
| gptkbp:isLinkedTo |
economic stability
financial literacy programs homeownership preservation efforts |
| gptkbp:isLocatedIn |
loan servicers
|
| gptkbp:isMonitoredBy |
gptkb:U.S._Treasury_Department
|
| gptkbp:isNotableFor |
investment properties
|
| gptkbp:isPartOf |
financial assistance programs
housing policy reforms economic stimulus measures Making Home Affordable initiative national housing strategy mortgage relief efforts U.S._economic_recovery_efforts |
| gptkbp:isPromotedBy |
government campaigns
|
| gptkbp:isPromotedThrough |
public awareness campaigns
nonprofit organizations financial counseling services |
| gptkbp:isRelatedTo |
foreclosure prevention
|
| gptkbp:isSubjectTo |
federal guidelines
|
| gptkbp:isSupportedBy |
community organizations
federal funding state housing agencies |
| gptkbp:isUsedFor |
interest rates
|
| gptkbp:launched |
2009
|
| gptkbp:offers |
lower monthly mortgage payments
|
| gptkbp:provides |
loan modifications
|
| gptkbp:requires |
contact their mortgage servicer
documentation of financial hardship |
| gptkbp:targets |
homeowners with financial difficulties
|
| gptkbp:wasEstablishedIn |
gptkb:U.S._Department_of_the_Treasury
|