Three more servicers signed on to the Home Affordable Modification Program (HAMP) last week, bringing the total number of participating servicers to 76.
Tampa, Fla.-based Quantum Servicing Corp. stands to receive up to $18.96 million in incentives, Hillsdale, Mich.-based Hillsdale Coutny National Bank can receive up to $1.67 million and Coral Gables, Fla.-based QLending Inc.'s incentives are capped at $20,000.
The total cap on servicer incentives was approximately $27.37 billion as of Nov. 20.
Residential Mortgage
