Home Affordable Modification Program (HAMP)

Can a mortgage holder foreclose on a property while processing a request for loan modification?

by ft Editorial Staff | Mar 21, 2016 | Real Estate, Recent Case Decisions | 1

Majd v. Bank of America, N.A., et al. Facts: An owner purchases residential property funded by an...

Conventional financing and the buyer’s agent

by ft Editorial Staff | Oct 20, 2014 | Feature Articles, Finance, Loan Products, Real Estate | 0

Protect your homebuyer by encouraging multiple applications.

What’s really behind the fall in mortgage delinquencies and foreclosures?

by Jeffery Marino | Feb 27, 2014 | Real Estate | 1

Behind the truly encouraging mortgage delinquency figures lurks a few problems.

Case in point: Is a HAMP servicer required to offer a permanent loan modification to a homeowner who successfully completes a trial period plan?

by Nicole Jessen | Jan 24, 2014 | Laws and Regulations, Real Estate, Recent Case Decisions | 5

Recent cases have closed loopholes enabling servicers to back out of providing permanent modifications to qualified homeowners.

“Help” is a relative term at the FHFA

by Jeffery Marino | Dec 27, 2013 | Real Estate | 1

The Federal Housing Finance Agency (FHFA) announced a most auspicious milestone: “more than 3 million homeowners helped by foreclosure prevention programs.” We don’t buy it.

More justification for cramdowns

by Jeffery Marino | Dec 3, 2013 | Real Estate | 0

According to credit rating agency, Standard & Poors, cramdowns are cool.

If a borrower meets all terms of a trial modification and the lender does not provide notice of failure to qualify, must the lender grant the modification?

by Matthew Shade | Oct 16, 2013 | Laws and Regulations, Real Estate, Recent Case Decisions | 0

A distressed borrower applied for a loan modification under the Home Affordable Modification Program (HAMP). The lender prepared a trial period plan (TPP)

The problem with HAMP

by Matthew Shade | Sep 5, 2013 | Mortgages, Real Estate | 1

$815 million of taxpayer money has gone to mortgage lenders for running at risk homeowners through the Home Affordable Modification Program (HAMP).

New loan mod program — automatic, ineffectual

by Jeffery Marino | Apr 14, 2013 | Mortgages, Real Estate | 5

The Federal Housing Finance Administration (FHFA) is modifying your loan, whether you like it or not!

Book Review: Bailout

by Giang Hoang-Burdette | Nov 29, 2012 | Real Estate | 4

Bailout is a scathing remonstrance of the mishandling of the Troubled Assets Relief Program (TARP).

In praise of cramdowns

by Sarah Cantino | Jun 19, 2012 | Real Estate | 0

Principal reduction (cramdowns) granted by bankruptcy courts is the only solution to underwater homeowners’ plight, a recent article from Daily Finance argued. Unlike recent endeavors to implement cramdowns through bank...

Reduced shortsale response time for Frannie loans

by Carrie B. Reyes | May 8, 2012 | Finance, Reader Polls, Real Estate | 2

How long does the average shortsale take in your experience? Up to six months; or (40%, 52 Votes)...

So, who’s got a plan?

by Jeffery Marino | Oct 19, 2011 | Finance, Real Estate | 0

In early August 2011, the White House proposed selling the Federal Housing Finance Agency’s (FHFA) real estate owned properties (REOs) in bulk (read: cheap) to investors on the condition they rent out the properties for an...