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Is there a mandatory counseling requirement for Home Affordable Modifications?

April 26, 2017affordable counseling Home mandatory modifications requirement

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Is there a mandatory counseling requirement for Home Affordable Modifications?

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All delinquent borrowers are encouraged to seek the advice of a HUD-approved housing counselor. Borrowers with a back-end DTI ratio at or above 55 percent must agree to participate in counseling as a condition of receiving a modification under HAMP.