The House Reasonably priced Modification Program (HAMP) was a authorities program designed to assist owners who had been struggling to make their mortgage funds as a result of monetary hardship.
To be eligible for HAMP, owners needed to meet sure standards, reminiscent of with the ability to exhibit a monetary hardship and having a mortgage that was no more than 120 days delinquent. Owners who met the eligibility standards might apply for HAMP via their mortgage servicer.