Tag: Home Affordable Modification Program
Homeowners Brace for Another Foreclosure Wave
In the thick of the housing crisis, some lenders slashed borrowers’ interest rates to as little as 2 percent. But rates start to rise...
Why Did The Home Affordable Modification Program (“HAMP”) Fail?
The 2009 Home Affordable Modification Program (HAMP) was supposed to help about 3 to 4 million homeowners in underwater or otherwise troubled mortgages by...
Why Did the Home Affordable Modification Program (“HAMP”) Underperform?
HAMP, the Home Affordable Modification Program, was supposed to help millions of troubled homeowners modify their loans. Tomasz Piskorski looks at why the program...
Understanding HAMP Re-Default Rates
The Home Affordable Modification Program (or HAMP) has been a critical part of the Obama Administration’s efforts to provide relief to families at risk...
BofA Says Ex-Workers Made Impossible Mortgage Loan-Program Claims
Bank of America Corp. said former workers who alleged the firm awarded bonuses for sending homeowners into foreclosure misrepresented their roles and made “impossible”...
Ex-Bank of America Mortgage Workers Were ‘told to lie’
Former Bank of America employees say in court documents that the bank routinely lies to customers about their mortgages, and denies their requests for...
The Stealth Problem of Predatory Mortgage Modifications
If you look from 50,000 feet, there are two sides to the debate over mortgage modifications. On the one hand, a surprisingly large group,...
