RSS 1 project tagged "Personal Finance"

No download No website Updated 16 Oct 2012 Unofficial HAMP Loan Modification Calculator

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The Unofficial HAMP Loan Modification Calculator estimates loan modification calculations using JavaScript. The code is part of an independent effort to analyze the HAMP program created by the US government to find a way to make home loans more affordable. This calculator uses the loan modification procedures disclosed in public documents such as Treasury Supplemental Directive 09-01 and the MHA Servicers Handbook v4. It includes the calculations for HAMP Tier 1 and 2, with or without principal reduction. The user can easily run one calculation, watching each step in the process in detail, or quickly obtain graphs of multiple scenarios.

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