Program Interactions with Other HFA Programs None. Program Interactions with HAMP The MPA program will provide assistance to eligible unemployed or substantially underemployed homeowners first, and then the servicer would follow with any eligible programs offered by the investor, servicer, or GSE. Borrowers can receive HAMP assistance prior to or after receiving Hardest Hit Fund assistance. For example, a borrower can receive UP assistance for 3-6 months and then receive MPA Assistance. GHFA will agree to subordinate all assistance loans for borrowers who refinance their mortgage(s) to receive more favorable loan terms. To the maximum extent possible, GHFA will coordinate with eligible homeowners’ servicers to assist them in obtaining a loan modification from HAMP, if needed after program completion.
Appears in 6 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
