MRAP definition
Examples of MRAP in a sentence
Areas MRAP is designed to target low-to-moderate income homeowners and address the needs of a homeowner’s specific situation in lieu of targeting certain regions or counties.
MRAP will also mitigate the need for large reinstatement dollars to be capitalized with remaining loan balance, and thus, broaden the population of homeowners who qualify for modification.
Goals The MRAP will prevent avoidable foreclosures by helping homeowners reinstate their past due first mortgage loans.
Programs MRAP will serve as a gateway to other loss mitigation programs including loan modification which may include principal reduction, including other HHF Programs and the Principal Reduction Program.
Programs PRP may be used in conjunction with MRAP aimed at reinstatement.
HFA Programs PRP may be used in conjunction with MRAP aimed at reinstatement.
MRAP will also mitigate the need for large reinstatement dollars to be capitalized with remaining loan balance, and thus, broaden the population of homeowners who otherwise may not qualify for modification.
Goals The MRAP program will prevent avoidable foreclosures by helping homeowners reinstate their past due first mortgage loans.
Goals The MRAP program will prevent avoidable foreclosures by helping borrowers reinstate their past due first mortgage loans.
MRAP will also mitigate the need for large reinstatement dollars to be capitalized with remaining loan balance, and thus, broaden the population of borrowers who otherwise may not qualify for modification.