The Homeowner Affordability and Stability Plan (HASP) is a government-sponsored program that provides financial assistance to homeowners who are struggling to make their mortgage payments. The program offers a variety of options to help homeowners, including forbearance, loan modification, and principal reduction.
HASP was created in 2009 in response to the housing crisis. The program has helped millions of homeowners avoid foreclosure and stay in their homes. HASP is available to homeowners who meet certain criteria, including income limits and hardship requirements.