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Real Estate & Property Law

: Housing Wire

BofA Lacks ?Sense of Urgency? to Convert HAMP Mods

By JON PRIOR

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Two weeks after the Treasury reported Bank of America?s (BAC: 15.37 +1.18%) 98 permanent modifications eight months into the Home Affordable Modification Program (HAMP), BofA clarified the numbers. According to the Treasury report, BofA has just over 1m HAMP-eligible loans in its estimated 60-plus day delinquency portfolio. Jack Schakett, the credit loss mitigation strategies executive at [...]

Full post as published by Housing Wire on December 16, 2009 (boomark / email).

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