Making Home Affordable Program Enhancements” (HAMP Enhancement Program) announced by the Administration yesterday ….(March 26, 2010) has many components. Relief from mortgage payments for 3 to 6 months for those unemployed, Principal Reductions for homes underwater if you meet the criteria, short sale help, foreclosure delay and relocation assistance as well. How they will administer such a massive program is a big, big question. For the details so far go to New HAMP Enhancement Program
To review the program components of the new FHA Refinance Program also announced on March 26, 2010, go to FHA Refinance Fact Sheet.