Homeowner Affordability and Stability Plan (HASP): Update on considerations for mortgage servicers

This document serves to build on our previous HASP publications by providing additional considerations as servicers are in the process of implementing the plan or evaluating whether or not to participate.

It focuses on several components of the plan in which the details were released in April and May 2009.

• Second lien modifications program
• Integration of Hope for Homeowners into the Making Home Affordable Program
• Foreclosure alternatives
• Home price decline protection incentives

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