Statement by Leslie Peeler on HAMP Extension, Streamlined Modification

Investor Update: On May 30, Fannie Mae released a statement by Leslie Peeler, senior vice president of National Servicing Organization, regarding the HAMP extension and streamlined modification.

Statement by Leslie Peeler, Senior Vice President of National Servicing Organization, on HAMP Extension and Streamlined Modification

“The extension of HAMP will benefit struggling homeowners across the country.  Since its inception, HAMP has helped more than one million people stay in their homes.  HAMP set the standard to extend assistance to borrowers and created a more fair and transparent process.  As a result, modifications are performing better than ever.  Everyone benefits when a borrower succeeds on a HAMP modification and stays in their home, no matter who owns that individual loan.

“FHFA also announced today that the Streamlined Modification program will be extended through the end of 2015.  This program is up and running with many servicers and has created a simplified process to help homeowners avoid foreclosure.

“We will continue to work with FHFA to implement these extensions and provide guidance to servicers.  We encourage homeowners who are having trouble paying their mortgage to reach out for help as soon as possible.  For more information on the options available to struggling borrowers, visit http://www.knowyouroptions.com/ or http://www.makinghomeaffordable.gov/.”

To view the online release, please click here.

About Safeguard 
Safeguard Properties is the largest mortgage field services company in the U.S. Founded in 1990 by Robert Klein and based in Valley View, Ohio, the company inspects and maintains defaulted and foreclosed properties for mortgage servicers, lenders,  and other financial institutions. Safeguard employs approximately 1,700 people, in addition to a network of thousands of contractors nationally. Website: www.safeguardproperties.com.

OneCommunity

Stay informed about the latest industry news and events with our All Client Alert email newsfeed.

Ask The CEO

Got a question about Safeguard in the industry? Let us know in our Ask the CEO online Q&A section.