Those suits sought damages intended to triple the total HAMP and FHA payments made on Ocwen-serviced loans, or roughly $5,500 to $11,000 per alleged false claim, according to Ocwen's SEC filing.
Read More »FHFA: Here’s What HAMP Borrowers Facing Resets Can Do
What solutions have Fannie Mae and Freddie Mac offered to HAMP borrowers facing higher monthly payments due to resets?
Read More »Slowing Loan Mods, Liquidations Even Out
The improved credit quality of mortgage loans originated post-crisis has resulted in fewer delinquencies and defaults, which in turn has resulted in a substantial decline in loan modifications industry-wide.
Read More »Servicers Remain Aggressive with Outreach Efforts
With Treasury recently announcing the allocation of the final $2 billion in Hardest Hit Fund money and HAMP set to expire at the end of the year, servicers are ramping up their efforts to reach at-risk borrowers.
Read More »The Effect of Stepups on HAMP vs. Proprietary Mods
Borrowers who received modifications both through government programs and proprietary programs will invariably experience an increase in monthly payments due to interest rate stepups after five years. How are these modifications performing?
Read More »The Impact of HAMP on GSE-Backed Loans
With HAMP set to expire at the end of this year, how much of an effect has the program had on GSE-backed loans?
Read More »HAMP: Managing Higher Payments After Resets
Treasury has created a three-pronged safety net to help HAMP borrowers handle step-ups and avoid re-defaulting when their five-year modification expires.
Read More »Treasury Looks to the Future as HAMP Winds Down
What does Treasury have in place for the mortgage industry after HAMP expires on December 30, 2016?
Read More »HUD Measures Progress Toward Helping Struggling Homeowners
The Making Home Affordable program is beginning to wind down; how successful has the program been at helping homeowners avoid foreclosure and remain in their homes?
Read More »Freddie Mac Plans to Use Proven Formula for Assisting HAMP Borrowers With Rate Increases
The research found that 31 percent of borrowers had not talked to their servicer/lender, 28 percent did not believe their servicer could help them, yet 74 percent (nearly three-quarters) said they would talk to a housing counseling agency, yet 38 percent of the homeowners who were surveyed did not know that counseling was available to them.
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