HAMP definition

HAMP. As defined in Section 8.06 hereof.

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HAMP means the Treasury Department’s Home Affordable Modification Program established in connection with the “Making Home Affordable” loan modification program, as in effect from time to time.

HAMP means the Home Affordable Modification Program implemented by the U.S. Department of the Treasury pursuant to Sections 101 and 109 of the Emergency Economic Stabilization Act of 2008, as amended from time to time.

Examples of HAMP in a sentence

• With respect to any Mortgage Loans that have been modified or that are or will be in a modification trial period as part of the U.S. Department of the Treasury’s Home Affordable Modification Program (“HAMP”) (such Mortgage Loans, the “HAMP Loans”), Seller represents and warrants that it will continue to service such HAMP Loan in accordance with the HAMP terms and will ensure the timely compliance and filing of any appropriate HAMP documentation with the applicable regulator.

• If the applicant needs 2nd lien relief in order to effectuate a HAMP or 1st mortgage principal reduction program process then the 2nd lien relief element will be utilized.

• The Subservicer will cooperate in good faith in connection with any audit, inspection, review, or investigation of the Subservicer’s compliance with or reporting under HAMP or other government program related to the Mortgage Loans.

• During the ‘in-take’ process with the foreclosure mitigation/mediation agencies, the applicants will be screened for HAMP eligibility and where it is indicated that a borrower would be eligible, they will channeled into a HAMP loan modification.

• Program Interactions with HAMP The program will have an active interface with the HAMP program.

More Definitions of HAMP

HAMP means the Home Affordable Modification Program created under the Emergency Economic Stabilization Act of 2008.

HAMP. The Home Affordability Modification Program implemented by the U.S. Department of Treasury.

HAMP means the Home Affordable Modification Program.

HAMP means the Home Affordable Modification Program, including all Supplemental Directives (including the Principal Reduction Alternatives described in Supplemental Directive 10-05, et. seq. "PRA"), in effect as of the Sale Date, pursuant to regulations promulgated by the U.S. Department of Treasury.

HAMP means the Home Affordable Modification Program promulgated by the United States Department of the Treasury, as in effect from time to time.

HAMP. The meaning given to such term in Section 8.06.

HAMP means the Home Affordable Modification Program established by the U.S. Department of Treasury pursuant to section 101 and 109 of the Emergency Economic Stabilization Act of 2008 (the “Act”), as section 109 of the Act has been amended by section 7002 of the American Recovery and Reinvestment Act of 2009.