Program Goals. The MAP program’s goal is to increase the probability that a borrower and/or recipient’s family has a stronger chance of sustaining homeownership with the assistance from the HHF program. The enhanced home ownership through re-employment and job maintenance should decrease both the numbers and probability of foreclosures.
Appears in 4 contracts
Samples: Commitment to Purchase Financial Instrument and Hfa Participation Agreement, Commitment to Purchase Financial Instrument and Hfa Participation Agreement, Commitment to Purchase Financial Instrument and Hfa Participation Agreement
Program Goals. The MAP program’s goal is to increase the probability that a borrower and/or recipient’s family has a stronger chance of sustaining homeownership with the assistance from the HHF program. The enhanced home ownership through re-employment and job maintenance should decrease both the numbers and probability of foreclosures. The reinstatement benefit for MAP recipients that can demonstrate the sustainability of their mortgage is intended to prevent future foreclosures by helping borrowers regain current status. Sustainability for purposes of reinstatement means lending ratios equal or better than those of the Principal Reduction Program.
Appears in 2 contracts
Samples: Commitment to Purchase Financial Instrument and Hfa Participation Agreement, Commitment to Purchase Financial Instrument and Hfa Participation Agreement