What’s Putting the Brakes on HAMP?

Since the Home Affordable Modification Program came online in 2009, 1.3 million homeowners have modified their loans through the program. But 70% of those occurred between 2009 and 2011. At this pace, HAMP modifications are expected to be only 10% next year. Here are some thoughts as to why and what lenders can do about it. [9/18/14]