It came out unnotice today a proposal from HOPE NOW Alliance to consider the benefits received by an unemployed worker to be used to determine eligibility for a loan modification under the Making Home Affordable program (HAMP). The process would be streamlined with the several government agencies to verify the benefits. With unemployment that will rise to double digits, this could be a major bump to the recovery. However what will happen once the benefits are over and the homeowner has not found a job yet?
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