Posts Tagged ‘HAMP report’

Mandelman’s Monthly Museletter – Version 12.0

Written on 11 May, 2011 at 8:59

In this issue: 1. Treasury reports 84% of HAMP loan mods current after 12 months. 2. Surprise, Surprise... Falling Home Values. 3. State AGs Beg Servicers for Crumbs. 4. Iowa's AG, Miller Calls B.S. 5. Banks... (Continue reading)

Tagged with: 50 state AGs allonge bailouts bank of america BofA citibank double dip economic recovery economy elizabeth warren endorsement Fannie Mae FDIC Chair Sheila Bair Federal Reserve Chairman Ben Bernanke foreclosure crisis foreclosures Freddie Mac HAMP HAMP report home values loan modification Making Home Affordable Plan mandelman mandelman matters martin andelman mike "mish" shedlock mortgage crisis mortgage refinancing mortgage servicers NACA promissory note REST Report servicer study TARP Treasury Secretary Tim Geithner trial modifications unemployment rate wall street bankers wells fargo bank zillow

Report Shows Treasury Disagrees With Loan Mod Decisions at Chase, Wells & BofA – Requires Servicers to Make Changes Going Forward

Written on 27 Sep, 2010 at 23:55

Well, in the August HAMP Report, which is published monthly by Treasury, is a chart that shows that Treasury has disagreed with a higher than average number of the decisions being made by CHASE, Wells Fargo and Bank of America.... (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

FHA-HAMP Helped 171 Homeowners Nationwide in April

Written on 22 May, 2010 at 18:31

The HUD Neighborhood Watch Website shows 171 FHA-HAMP modifications for the month of April 2010. What? Did they have to win a drawing?... (Continue reading)

Here We Go… It’s HAMP Confusion Day

Written on 19 May, 2010 at 7:08

The real estate industry is positively pathetic in their apparent willingness to simultaneously all agree that the emperor's clothes are entirely magnificent. And the real estate industry's reporting today includes the performance numbers related to the foreclosure crisis and loan... (Continue reading)

Tagged with: foreclosure crisis HAMP HAMP report loan modifications mandelman matters martin andelman mortgage refinancing NACA New York Times Treasury Report Treasury Secretary Tim Geithner wells fargo bank

Why Can’t We Answer the Question About HAMP That Could Save Taxpayers Tens of Billions?

Written on 13 May, 2010 at 5:06

How about if we all write letters to our elected representatives demanding to know the answer to this question, because the answer has the very definite potential to save many billions in unnecessary taxpayer funded expenditures associated with the current... (Continue reading)