Housing Wire had a story recently saying that six more mortgage servicing companies have come on board with the Obama loan modification program. Here is an excerpt from the story:
Six more servicers joined the Home Affordable Modification Program (HAMP), pushing the total number of participants to 63, according to the most recent Troubled Asset Relief Program’s (TARP) transaction report.
AMS Servicing leads the new inductees with $4.3m in cap incentives. Bay Federal Credit Union receives a $410,000 cap; Schools Financial Credit Union receives a $390,000 cap; Yadkin Valley Bank gets a $240,000 cap; Glass City Federal Credit Union receives a $230,000 cap; and Central Jersey Federal Credit Union is allocated $30,000 in capped incentives.
