Program Interactions with Other HFA Programs None. 14. Program Interactions with HAMP The program will have an active interface with the HAMP program. During the ‘in-take’ process with the foreclosure mitigation/mediation agencies, the applicants will be screened for HAMP eligibility and where it is indicated that a borrower would be eligible, they will channeled into a HAMP loan modification. If the applicant needs 2nd lien relief in order to effectuate a HAMP or 1st mortgage principal reduction program process then the 2nd lien relief element will be utilized. NAHAC wishes to supplement and complement the federal programs and where needed to create added funds flow to ensure long term solutions to the borrower’s need.
Appears in 8 contracts
Samples: Hfa Participation Agreement, Hfa Participation Agreement, Hfa Participation Agreement
