November 14, 2016 / 2:51 PM / 3 years ago

BRIEF-Fitch says end of Home Affordable Modification Program (HAMP) reduces options for struggling U.S. homeowners

Nov 14 (Reuters) -

* Fitch-End of hamp comes against backdrop of improved economy, strong home price growth, which has reduced need for loan modifications in recent years

* Fitch-There are several implications to end of hamp as total no. Of loan modifications declines,non-hamp ‘proprietary’ modifications will be used more

* Fitch- there are several implications to end of hamp-modification decision timelines will shorten,which may lead to reduction in liquidation timelines

* Fitch - end of home affordable modification program (hamp) reduces options for struggling u.s. Homeowners Source text for Eikon:

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