Category: HAMP

Banks and loan services liable for improper handling of loan modification requests  By Bob Feingold  11/5/2014 The U.S. District Court ruled last week that a pattern of delay and evasive and erroneous responses to a consumer requesting a loan modification under the Home Affordable Modification Program (HAMP), can be the basis for a lawsuit under Massachusetts General Law Chapter 93A, the Consumer Protection Statute.  Hanrahran v. […]

Industry Completes 50K Loan Modifications for Homeowners in October

DSNews   BY: Ashley R. Harris    1/2/2014 The HOPE NOW Alliance recently announced that an estimated 50,000 homeowners received permanent, affordable loan modifications from mortgage servicers during October 2013. This total includes modifications completed under both proprietary programs and the government’s Home Affordable Modification Program (HAMP). “As HOPE NOW begins to wind down 2013 activities and head into a seventh year […]