HAMP

Recent Posts in HAMP

  • America's Foreclosure Crisis is Far From Over

    In our previous blog, we talked about the $5.1 billion settlement that Goldman Sachs is responsible for paying as recompense for its part in the 2008 mortgage scandal. As part of this settlement, $1.8 billion is to be earmarked to help struggling ...
  • The Obama Administration recently announced that it was extending HAMP for two more years. HAMP was scheduled to end on December 31, 2013 -- now it will continue through 2015. When HAMP was announced, we were told that HAMP would assist over 3 ...
  • Has There Been Significant HAMP Oversight?

    It is pretty well-known that HAMP has not been the government's most successful program. Although it was expected to assist millions of homeowners, the program has only recently broken the 1 million mark and has barely spent a fraction of the ...
  • Are Lawsuits Based On HAMP Guidelines Viable?

    The Home Affordable Modification Program (HAMP) has been the subject of many of my blog posts. This is because, love it or hate it, HAMP is the program with which we're stuck. I've seen many homeowners in foreclosure who fell into a ...
  • In the past six months, we have seen the expansion of Making Home Affordable, in particular in the refinance (HARP) and the loan modification (HAMP) areas. We have also seen the Office of the Comptroller of Currency enter into a foreclosure review ...
  • What Are The New Changes To HAMP?

    On January 27, 2012, the U.S. Department of the Treasury announced that it is rolling out new enhancements to HAMP. HAMP loan modifications were set to disappear at the end of 2012. The new changes will extend HAMP another year to the end of 2013. ...