ireneflorez

Unmodified: HAMP Fails People of Color in Foreclosure Crisis

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Making Home Affordable is a key part of the Obama Administration’s effort to help homeowners avoid foreclosure. If you are struggling with your monthly mortgage payments or if you have already missed a payment, now is the time to take action and apply for HAMP the Home Affordable Modification Program (HAMP). But what if taking action means butting up against a system that repeatedly loses your paperwork and often starts the foreclosure process without your knowing it?
Ana Romero is one of many Americans who anxiously awaits news about her loan modification application. Currently her home is set to be foreclosed on June 10th. In this segment she talks about the bureaucratic hoops she has had to go through in order to apply for a HAMP modification. Her story exemplifies some of the issues homeowners of color face when applying for loan modifications. Kevin Stein, Associate Director at CRC, provides HAMP loan modification context noting that people of color are often experiencing a harder time than other borrowers.
Unmodified was produced in 2011 for the Race Poverty and Environment Journal’s RPE Radio podcast.
Music: Kronos Quartet String Quartet #4

Photos: Irene Florez

Author: ireneflorez

Bogotá-born, Oakland-based media bee.

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