The Home Affordable Modification Program (HAMP) & Bankruptcy: How We Can Help

Friday, October 8, 2010

HAMP is a federal program designed to help struggling homeowners stay in their homes by modifying their monthly mortgage payments to make the payments more affordable. Though not all homeowners will qualify for this program, for those who do, HAMP may provide a real opportunity to save their homes. This video provides a basic overview of what HAMP is and how it works, particularly within the bankruptcy context.

While this video was prepared primarily for the private chapter 7 and chapter 13 trustees who handle the day-to-day administration of bankruptcy cases, anyone interested in gaining a general understanding of HAMP will find it helpful.

Presenters:

Clifford J. White III
Director, Executive Office for United States Trustees
United States Department of Justice

Doreen Solomon
Assistant Director for Review & Oversight
United States Department of Justice

Kevin Anderson
Chapter 13 Standing Trustee
District of Utah

Video Transcript and Materials:

Transcript [PDF - 305 KB]
Video Materials [PDF - 493 KB]