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Seventeen CUs servicing Treasurys HAMP plan
WASHINGTON (11/12/09)--Seventeen credit unions are participating in the Treasury Department’s Home Affordable Modification Program (HAMP). The program aims to help struggling homeowners by modifying their mortgages. As of Sept. 30, participating servicers performed 650,994 trial modifications, offered 919,965 trial period plans and sent about 2.78 million requests for financial information (MortgageOrb.com Nov. 11). Seventy-one lenders are participating in the program. Participating credit unions are:
* Bay FCU, Capitola, Calif.; * Central Florida Educators FCU, Orlando; * Jersey FCU, Cranford, N.J.; * DuPage CU, Naperville, Ill.; * Glass City FCU, Maumee, Ohio; * Great Lakes CU, Chicago; * IBM Southeast Employees FCU, Marietta, Ga.; * IC FCU, Fitchburg, Mass.; * Mission FCU, San Diego; * Oakland (Calif.) Municipal CU; * ORNL FCU, Oak Ridge, Tenn.; * Purdue Employees FCU, Lafayette, Ind.; * Schools Financial CU, Sacramento, Calif.; * SEFCU, Albany, N.Y.; * Stanford FCU, Palo Alto, Calif.; * Technology CU, San Jose, Calif.; and * Wescom Central CU, Pasadena, Calif.
DuPage CU and IC FCU are the most recent additions to HAMP’s list of servicers.
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