Homeownership preservation by adding reduced payments modification on the second mortgage of financially strapped homeowners in order to produce more affordable combined mortgage payment. To complement the Home Affordable Modification Program designed for first mortgage payments reduction and to provide a more comprehensive solution for approximately Contact your mortgage company servicer — the company to which you make your monthly mortgage payments and ask them for the Second Lien Modification Program.
Not all mortgage servicers participating in the 2MP. To qualify, you must have successfully modified your first mortgage under HAMP and not missed 3 housing payments on your modified loan. You also must not have certain criminal convictions on your record. Your mortgage servicer can tell you if you are fully eligible for the Second Lien Modification Program. You can call credit. Please Sign Up. Skip to content. How lenders can serve the underserved in Logan Mohtashami on the jobs report and mortgage rates.
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