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Real Estate & Property Law

: Housing Wire

HAMP Must Address Second Liens, Congress Hears

By DIANA GOLOBAY

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A key federal mortgage workout plan, the Home Affordable Modification Program (HAMP), that allocates incentives to servicers, borrowers and lender/investors is failing to address the issue of second liens, according to expert testimony from regulators to a House Financial Services Committee. At an ongoing hearing Tuesday, officials told the Committee a clearinghouse might be required to [...]

Full post as published by Housing Wire on December 08, 2009 (boomark / email).

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Lawsuits and Settlements

SunTrust Mortgage Faces Class Action over Alleged HAMP Breach of Contract
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