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Loan Modification

: Mortgage Lender Implode-o-Meter

HAMP Must Address Second Liens, Congress Hears

By Implode-Explode Heavy Industries

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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."

Full post as published by Mortgage Lender Implode-o-Meter on December 08, 2009 (boomark / email).

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SunTrust Mortgage Faces Class Action over Alleged HAMP Breach of Contract
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