Equity Lines
Second Lien Modification Program (2MP)
If your first mortgage was permanently modified under HAMP SM and you have a second mortgage on the same property, you may be eligible for a modification or principal reduction on your second mortgage under 2MP. 2MP is designed to work in tandem with HAMP to provide a comprehensive solution for homeowners with second mortgages to increase long-term affordability and sustainability. If the servicer of your second mortgage is participating, they will automatically evaluate you for a second lien modification.
Eligibility*
You may be eligible to apply if you meet all of the following:
- Your first mortgage was modified under HAMP.
- You must not have been convicted within the last 10 years of felony larceny, theft, fraud or forgery, money laundering or tax evasion, in connection with a mortgage or real estate transaction.
- You have not missed three consecutive monthly payments on your HAMP modification.
- You owe more than $5,000 on your second mortgage.
- Your monthly second mortgage payment is more than $100.
*Eligibility criteria are for guidance only. Contact your mortgage servicer to see if you qualify for 2MP.
Program Availability
Servicers participating in 2MP are:
1. Bank of America, NA
2. BayviewLoan Servicing, LLC
3. CitiMortgage, Inc.
4. Community Credit Union of Florida
5. GMAC Mortgage, LLC
6. Green Tree Servicing LLC
7. iServeResidential Lending, LLC
8. iServeServicing, Inc.
9. J.P.MorganChase Bank, NA
10. NationstarMortgage LLC
11. OneWestBank
12. PennyMacLoan Services, LLC
13. PNC Bank, National Association
14. PNC Mortgage
15. Residential Credit Solutions
16. ServisOne Inc., dbaBSI Financial Services, Inc.
17. Wells Fargo Bank, NA
Program Dates
Effective Aug. 13, 2009 – Dec. 31, 2012.
