An amendment numbered 2 printed in Part A of House Report 112-34 to include Congressional findings on various facts about the HAMP program, including cost and number of permanent modifications.

1. Adds SEC. 2. CONGRESSIONAL FINDINGS on page 4, line 6

   Adds a sectionPrinted page

   Inserted: SEC. 2. CONGRESSIONAL FINDINGS.

   Inserted: The Congress finds that--

   Inserted: (1) the Home Affordable Modification Program (HAMP) was first announced in February 2009 and became active in March 2009;

   Inserted: (2) HAMP provides financial incentives to mortgage servicers, borrowers, and investors to facilitate mortgage modifications that lower borrowers' monthly mortgage payments to no more than 31 percent of their monthly income;

   Inserted: (3) as of February 25, 2011, $1.04 billion of HAMP funding has been disbursed;

   Inserted: (4) as of January 31, 2011, there were 539,493 active permanent modifications and 145,260 active trial modifications, for a total of 684,753 currently active modifications; and

   Inserted: (5) each currently active modification has cost the Department of Treasury approximately $1,518.80.

   Original wording

   Page 4, after line 6, insert the following new section (and redesignate the succeeding sections accordingly):

Read automatically from the Congressional Record. Check the original before relying on it.

As printed