Home Affordable Modification Program (HAMP)
GPTKB entity
Properties (67)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
government program
|
| gptkbp:aimsTo |
help homeowners avoid foreclosure
homeowners with financial hardship |
| gptkbp:canLeadTo |
permanent loan modification
|
| gptkbp:finish |
December 2016
|
| gptkbp:hasAbility |
income below 31% of gross monthly income
|
| gptkbp:hasImpactOn |
housing market recovery
|
| https://www.w3.org/2000/01/rdf-schema#label |
Home Affordable Modification Program (HAMP)
|
| gptkbp:includes |
trial period plan
|
| gptkbp:introduced |
2009
|
| gptkbp:isAvailableIn |
all_U.S._states
borrowers_with_Fannie_Mae_or_Freddie_Mac_loans |
| gptkbp:isBasedOn |
financial hardship criteria
|
| gptkbp:isCriticizedFor |
bureaucratic delays
limited reach complex application process |
| gptkbp:isDesignedFor |
primary residences
|
| gptkbp:isDiscussedIn |
academic research
policy analysis papers financial news media |
| gptkbp:isDocumentedIn |
government reports
legislative records |
| gptkbp:isEvaluatedBy |
effectiveness
performance metrics consumer protection agencies independent auditors long-term sustainability loan servicers homeowner feedback |
| gptkbp:isFundedBy |
TARP_funds
|
| gptkbp:isInfluencedBy |
economic conditions
|
| gptkbp:isIntegratedWith |
homeowners facing unemployment
|
| gptkbp:isLinkedTo |
community development initiatives
homeowner education programs loan modification trends mortgage servicer compliance |
| gptkbp:isLocatedIn |
mortgage lenders
|
| gptkbp:isMonitoredBy |
gptkb:U.S._Treasury_Department
|
| gptkbp:isNotableFor |
investment properties
|
| gptkbp:isPartOf |
economic recovery efforts
Making Home Affordable initiative financial stability initiatives federal housing policy national housing strategy homeownership assistance programs |
| gptkbp:isPromotedBy |
government agencies
|
| gptkbp:isPromotedThrough |
community outreach programs
public awareness campaigns |
| gptkbp:isRelatedTo |
housing finance reform
foreclosure prevention efforts |
| gptkbp:isSubjectTo |
federal regulations
|
| gptkbp:issuedBy |
gptkb:U.S._Department_of_the_Treasury
|
| gptkbp:isSupportedBy |
financial institutions
non-profit organizations advocacy groups |
| gptkbp:isUtilizedFor |
address the housing crisis
|
| gptkbp:isVisitedBy |
certain loan types
|
| gptkbp:offers |
lower monthly mortgage payments
|
| gptkbp:provides |
loan modifications
financial relief |
| gptkbp:requires |
submit a hardship affidavit
documentation of income make trial payments |
| gptkbp:successor |
Flex_Modification_Program
|
| gptkbp:usesTechnology |
low to moderate income homeowners
|
| gptkbp:wasPartOf |
U.S._government's_response_to_the_2008_financial_crisis
|
| gptkbp:works |
reduce mortgage payments
|