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HAMP: Improved Conversion Rate Helps Boost Permanent Loan Mods in March
by Josh Jelsing | Fri, 04/16/2010 - 6:58amMetrics for the Making Home Affordable Program (HAMP) improved substantially during March according to data released late Wednesday by the Treasury Department. The foreclosure prevention program, a joint effort by Treasury and the Department of Housing and Urban Development, has been widely criticized for its effectiveness in moving distressed borrowers into permanent loan modifications.