SAN DIEGO – Mission FCU has been added as a participating servicer to the Treasury’s modification incentive program under the Troubled Asset Relief Program, bringing to four the number of credit unions among the 34 participants in the program.
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The Home Affordable Modification Program, or HAMP, allocates TARP funds to servicers to use as interest rate reduction subsidies or to distribute to participating lender/investors or borrowers.
The Treasury Department allocated a cap of $860,000 to Mission FCU.
The other credit union participants are Wescom Central CU, Technology CU and IBM Southeast Employees CU.
