DSNews Author: Brian Honea February 24, 2015 4 due to a number of reasons that include foreclosure alternatives, home retention solutions, completed foreclosures, improved loan payment performance, and acquisitions of loans with stronger credit profiles, according to Fannie Mae’s recently released annual report. About 1.47 percent of mortgage loans backed by Fannie Mae were 30 to […]
Category: Loan Modifications
Banks and loan services liable for improper handling of loan modification requests
SunCoastToday.com 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. […]
Decline in Foreclosures Outpaces Decline in Loan Modifications
DSNews By: Carrie Bay, 1/24/2014 An estimated 44,000 homeowners received permanent loan modifications from mortgage servicers during the month of November under both proprietary servicer programs and the government’s Home Affordable Modification Program (HAMP), HOPE NOW reports. While that total represents a 12 percent decrease from the 50,000 loan mods completed in October, the most recent […]
