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Loan Modification

: Loan Modification & Home Loan News

How the mortgage industry polices the Home Affordable Modification Program

By Evan Bedard

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American Banker?s Kate Berry uncovers a stunning factoid today: the nonprofit Homeownership Preservation Foundation, the official body charged with resolving disputes over HAMP modifications, was founded by ResCap and to this day is run by GMAC and other finance officials from within the mortgage industry. No one involved even bothers to dispute the conflict of [...]

Full post as published by Loan Modification & Home Loan News on December 21, 2010 (boomark / email).

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