Making Home Affordable

The Administration’s goal is to promote stability for both the housing market and homeowners. To meet these objectives, the Administration developed a comprehensive approach using state and local housing agency initiatives, tax credits for homebuyers, neighborhood stabilization and community development programs, mortgage modifications and refinancing, and support for Fannie Mae and Freddie Mac.  The Administration’s efforts for homeowners have focused on giving responsible households an opportunity to remain in their homes while they get back up on their feet or relocate to a more sustainable living situation. Today, thanks in large part to these programs, more than four million homeowners have refinanced their mortgages to more affordable levels, more than one million are saving an average of over $500 per month through the Administration’s modification program, interest rates are at record lows, home prices are rising again in many areas and the economy is growing.

The Home Affordable Modification Program (HAMP), which provides eligible homeowners the opportunity to significantly reduce their monthly mortgage payment, is a key part of this effort, designed to help millions of homeowners remain in their homes and prevent avoidable foreclosures.

Homeowners can always find more information about this and other programs at www.makinghomeaffordable.gov

The Administration has accomplished a great deal and helped homeowners across the country. But we recognize the continued commitment needed to help American families during [this crisis] these tough economic times and will aggressively continue to build on our progress to date. Sustained recovery of our housing market and the mitigation of foreclosures are critical to lasting financial stability and promoting a broad economic recovery. We continue to work to help keep Americans in their homes, restore stability to the U.S. housing market and ensure a sustained economic recovery.

• Making Home Affordable Program Reports
  • Making Home Affordable Program Reports
• Making Home Affordable Fact Sheet
• Summary of Guidelines Second Lien Program:
  • Fact Sheet
  • Two Case Examples
• Modification Program Guidelines
• Hardest Hit Fund
• Counselor Q&A
• Fact Sheet: Foreclosure Alternatives and Home Price Decline Protection Incentives
• www.WhiteHouse.gov
• www.HUD.gov
  • Contact your mortgage company
  • Contact a HUD-approved housing counselor
• Resources for Mortgage Servicers
  • Go to www.HMPadmin.com for Home Affordable Modification information
• MBS Purchase Program
  • Frequently Asked Questions
  • Trades by Month
  • Portfolio by Month
  • Principal and Interest Received
  • Trades by Month
  • Portfolio by Month
  • Principal and Interest Received
• Senior Preferred Stock Purchase Agreements with Fannie Mae and Freddie Mac
  • Freddie Mac 509 Ammendment
  • Freddie Mac Amendments to the Senior Preferred Stock Purchase Agreement
  • Freddie Mac Senior Preferred Stock Purchase Agreement
  • Freddie Mac Certificate
  • Freddie Mac Warrant to Purchase Common Stock
  • Fannie Mae 509 Ammendment
  • Fannie Mae Amendments to the Senior Preferred Stock Purchase Agreement
  • Fannie Mae Senior Preferred Stock Purchase Agreement
  • Fannie Mae Certificate
  • Fannie Mae Warrant to Purchase Common Stock

• Fact Sheet
• Summary of Guidelines
• Modification Program Guidelines
• Hardest Hit Fund
• Counselor Q&A
• For Mortgage Servicers: www.HMPadmin.com