The Home Affordable Modification Program (HAMP) has not helped as many borrowers as it may seem, Oh really you may say, according to the Office of the Special Inspector General for the Troubled Asset Relief Program. HAMP, a government loan modification program created to prevent foreclosures, has
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07/25/2013
As of March 2013, nearly 3% of all first-lien loans secured by one-to-four-unit residential properties were 90-plus days delinquent, essentially unchanged from the June 2012. In contrast, the percentage of loans in foreclosure, which leveled off around 4% from 2011 through 2012, declined to 3.5%
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07/22/2013
Florida once again led the nation in its foreclosure rate for the first six months the year, according to a report released Thursday by RealtyTrac, a California-based company that tracks foreclosed properties. The Sunshine State had one foreclosure filing -- a default notice, scheduled auction or
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07/11/2013
According to the lawsuit, Bank of America routinely denied loan modification requests by telling homeowners that their paperwork was never received. It also alleges that the bank engaged in an operation called "blitz," where it purged loan modification requests that were more than 60 days old fro
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07/11/2013
