what is hamp?
Page Content. The largest program within MHA is the Home Affordable Modification Program (HAMP). HAMPâs goal is to offer homeowners who are at risk of foreclosure reduced monthly mortgage payments that are affordable and sustainable over the long-term. HAMP was designed to help families who are struggling to remain in their homes and show: Documented financial hardship; An ability to make their monthly mortgage payments after a modification. HAMP is a voluntary program that supports servicersâ efforts to modify mortgages, while protecting taxpayersâ interests.