News Topic: HAMP
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HAMP: "You Probably Think This LAW Is About YOU!"
This posting's title, with apologies to Carly Simon who wrote and sung Billboard's 72nd most popular song ever, is appropriate if any of us think that the Mortgage Modi ... Read full article
Mortgage Mods - Where Did The Money Go?
The “Alphabet Problem” For Dummies
Because I am a nerdy restructuring and bankruptcy attorney, I am on a fair number of email listervs with colleagues. One recurring item in our discussions is what legendary bankruptcy attorney Max Gardner calls the “ Alphabet Problem .” If you click on ... Read full article
The “Alphabet Problem” For Dummies
Because I am a nerdy restructuring and bankruptcy attorney, I am on a fair number of email listervs with colleagues. One recurring item in our discussions is what legendary bankruptcy attorney Max Gardner calls the “ Alphabet Problem .” If you click on ... Read full article
Mortgage Mods - Where Did The Money Go?
Seeking Mortgage Modification? The Federal HAMP Program Explained
In response to the nationwide real estate crisis, the Obama Administration unveiled the Homes Affordable Modification Program (HAMP) in 2009 as part of the more comprehensive Making Home Affordable (MHA) Program. HAMP was initially funded with $50 billion ... Read full article
"The Dodd-Frank Wall Street Reform and Consumer Protection Act" - Some Residential Mortgage Provisions
H.R. 4173 ... Read full article
Update on HAMP
Testimony Before the Senate Committee on Finance on July 21, 2010 Neil Barofsky - Special Inspector General of TARP Elizabeth Warren - Chair of the Congressional Oversight Panel Richard Hillman - Managing Director of Financial Markets and Community ... Read full article
Class Actions for Modifications or Divine Intervention
There has been movement in some state courts to shore-up the failure of the legislation enacting the Making Home Affordable program initiatives to modify loans ( ... Read full article
Modifying Your Mortgage in Chapter 13 Bankruptcy
New mortgage modification rules make it easier to combine a HAMP or "Obama Plan" mortgage modification with a Chapter 13 Bankruptcy. Combining a HAMP mortgage modification may be beneficial to many homeowners. ... Read full article
FORECLOSURES 1 - MODIFICATIONS 0
HAMP has "Failed to Make a Dent in the Foreclosure Crisis"
HAMP: "You Probably Think This LAW Is About YOU!"
This posting's title, with apologies to Carly Simon who wrote and sung Billboard's 72nd most popular song ever, is appropriate if any of us think that the Mortgage Modi ... Read full article
Making Home Affordable Program Updates
April 27, 2010, hearings before the Senate Permanent Subcommittee on Investigations, "Wall Street and the Financial Crisis: The Role of Investment Bank" ... Read full article
Mortgage Modification and Chapter 13 Bankruptcy
Banks, Foreclosures, and Deceit
In his article, in the Tuesday November 15 th edition of the New York Times, about foreclosures, David Streitfield discloses t ... Read full article
Improper HAMP Denials and Servicer Noncompliance - The GAO Report to Congress
Recession In Real Life
Has anybody stopped to look at real people , and not just to discuss economic theory. ... Read full article
Record 2.9 million Foreclosures; Investors Want Money
There were two "complimentary" articles yesterday - one in American Banker, entitled " MBS Trustees Push JPMorgan Chase for Access to Loan Files", the other from RealtyTrac's Agent Advocate newsletter announcing, ... Read full article