Per Household Assistance. The lower of 2 limiting guidelines: Maximum of $50,000; or amount which, with the match, lowers CLTV to 107%. It is expected that the average assistance will be approximately $25,000.
Per Household Assistance. The maximum amount of second mortgage principal reduction receivable by a qualified borrower is $50,000.
Per Household Assistance. The maximum amount of 2nd mortgage lien relief from the program will be $16,500 toward removal of liens whose value is <=$41,250. Servicers will be allowed to write down second liens above the $41,250 but the Hardest Hit Fund assistance is limited to the $16,500 per dwelling.
Per Household Assistance. Maximum assistance for short sale assistance shall be $25,000, in accordance with program guidelines. • Maximum assistance for Short Sale Assistance Component with a lease purchase option shall be $66,000, in accordance with program guidelines, including when combined with other programs.
Per Household Assistance. The maximum MAPA assistance should not exceed $1,000/month per recipient for up to nine (9) months for a total aggregate mortgage payment assistance of $9,000. Reinstatement candidates will be eligible to receive a limited, one- time payment of up to $12,500. The combined maximum amount of MAPA assistance available to a qualified borrower is $21,500.
Per Household Assistance. The maximum amount of assistance receivable by a qualified borrower is $35,000.
Per Household Assistance. Maximum of $10,000 per household with a minimum 1:1 match from the Lender.
Per Household Assistance. The estimated median amount that the typical borrower will receive is $33,989.64. The maximum amount of assistance that a borrower can receive from the HSP is $50,000.
Per Household Assistance. Maximum amount available per household is $6,000. When MPA-UP interacts with other HHFRI programs (LMA- HAMP or LMA-Non-HAMP and TIHA), maximum household assistance is capped at $14,500. When MPA-UP interacts with MFA, maximum household assistance is capped at $10,000.
Per Household Assistance. The maximum amount receivable by a qualified borrower is $25,000 assuming a $1 for $1 match is occurring from the lenders/servicers or GSEs. The median amount is expected to be close to the maximum (skewed right poisson distribution) amount. It is possible that there could be a bimodal distribution. Thus, if there are numerous HAMP fails of under $10,000 that this level of assistance or less represents a large (disproportionate) share of the distribution of aid in the principal reduction program. Therefore, in this scenario there will be a large portion under $10,000 and a large portion of applicants at the full $25,000 level and very few in between.
