The MakingHomeAffordableProgram of 2009 included the HomeAffordable Modification Program (HAMP), which enabled struggling homeowners to pay their monthly mortgage payments.
Since the inception of the MakingHomeAffordableProgram, Treasury has required participating servicers to take specific actions to improve their servicing processes to more effectively assist struggling homeowners.
Typically these evaluations are used to judge a portfolio of assets, but the government has begun to allow BPOs as appraisals for some short sales in its MakingHomeAffordableprogram, a move that the Appraisal Institute says threatens standards.