Posts Tagged ‘GAO’

GAO REPORT SAYS IT AGAIN: Treasury NEEDS to improve HAMP Data Analysis

Written on 20 Oct, 2014 at 17:42

Latest GAO Report once again has recommended that Treasury improve its capability to track and analyze data related to HAMP loan modifications. Again and again.... (Continue reading)

Obama Administration in a Scramble to Do Something Right for Housing Market

Written on 13 Sep, 2010 at 7:54

Most of the suits allege that the trial modification plans are contracts, and that Bank of America and every other servicer broke them by not granting permanent modifications to homeowners who made their trial payments on time and provided the... (Continue reading)

House Hearings to Answer Question: Are Loan Servicers Honoring Their Commitments to Help Preserve Homeownership?

Written on 6 Jul, 2010 at 11:06

Everything's going just fine. There are no real problems with HAMP or with the servicers who are implementing HAMP. Oh sure, there have been a few challenges, but most of them have been caused by the borrowers who... (Continue reading)

Tagged with: Assistant Treasury Secretary Herbert Allison bank of america Barbara Desoer BP citibank citimortgage countrywide David Friedman David Lowman double dip economic recovery economy Edward Pinto Fannie Mae FHA HAMP FHFA foreclosures Freddie Mac GAO george soros Gulf of Mexico HAMP HAMP guidelines hamp performance HAMP report Indymac bank jamie dimon John Mack john stumpf jpmorgan chase lloyd blankfein loan modifications loan servicers Making Home Affordable Plan mandelman matters martin andelman ml-implode Michael dell Michael Heid obama one west bank re-default risk recession Sanjiv Das Treasury Secretary Tim Geithner trial modifications trial period plans US Treasury vikram pandit Wachovia wells fargo bank