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The Great Real Estate Swindle All things related to the housing debacle including sub-prime lending practices, foreclosure fraud, MERS, REMICS and banking and political malfeasance.

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Old 09-02-2011, 09:46 AM   #1
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Default Obama's Home Affordable Unemployment Program

Get Help if Unemployed

In response to real issues facing so many communities across our country, MHA and related programs were also designed to provide relief to those who are unemployed; those who owe more than their homes are worth; and those with home equity loans, HELOCs, or other second liens that are causing a strain on homeownership affordability. Learn more about these MHA and related programs:

A critical piece of the Administration's efforts to stabilize the housing
market and provide relief to homeowners. Visit Making Home Affordable.

Home Affordable Unemployment Program

If you are having a tough time making your mortgage payments because you are unemployed, you may be eligible for UP. UP provides a temporary \ reduction or suspension of mortgage payments for at least three months while you seek re-employment.


You may be eligible if you meet all of the following:
  • You are unemployed and eligible for unemployment benefits.
  • You occupy the house as your primary residence.
  • You make your request for help before you’ve missed three payments.
  • You have not previously received an UP forbearance or HAMP SM modification.
  • You obtained your mortgage on or before January 1, 2009.

Program Availability
  • More than 100 HAMP-participating servicers are required to offer UP to eligible unemployed homeowners.
  • You may be required to make a partial payment not to exceed 31% of your monthly gross (pre-tax) income including unemployment benefits.
  • You will be evaluated for HAMP at the end of your UP forbearance plan.
UP is not currently available for homeowners with mortgages held by Fannie Mae and Freddie Mac; however, both have their own forbearance arrangements for unemployed homeowners. Please contact your mortgage servicer to see if you are eligible.


U.S. Department Of The Treasury

Home » Initiatives » Financial Stability » Program Results » Making Home Affordable Reports

Making Home Affordable Reports
The Making Home Affordable © Program servicer performance reports are published monthly and provide data on the program.


-- Dr. Peter Piot Discoverer of the Ebola Virus --

“We shouldn’t forget that this is a disease of poverty, of dysfunctional health systems –– and of distrust,”

" For this reason, information, communication and involvement of community leaders are as important as the classical medical approach."


Last edited by Sonny; 09-02-2011 at 09:53 AM.
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