American Home Mortgage Servicing to Unlock Home Loans

American Home Mortgage Servicing is pushing the US Treasury to organize a plan to boost principal reductions for up to 1 million homeowners by unlocking home loans from securities.

American Home Mortgage Servicing to Unlock Home Loans

American Home Mortgage Servicing to Unlock Home Loans

Official statement – quote – American Home’s chief legal officer, Jordan Dorchuck – more – The plan “should provide a material benefit to borrowers by giving them the one last clear chance that HAMP was intended to provide, but appears unable to deliver to many homeowners,”

Based on an average home  loan size of about $200,000 US Dollars – £123,000 UK Pounds  there are about 1 million borrowers in default and under water.

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American Home Mortgage Servicing, Inc.

https://www.ahmsi3.com/servicing/home.asp

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