HAMP BORROWERS SHOULD HAVE HAD THEIR MORTGAGE TRANSACTION EXAMINED

Approximately half a million homeowners who received a mortgage loan modification in 2010 through the government’s Home Affordable Modification Program, commonly known as HAMP, are due to reset in 2015.

Chief Financial Analyst Greg McBride, who said in 2009 that homeowners receiving a modification through HAMP were simply “kicking the can down the road” and now that we are in 2015, “we’re at the end of the road” because of all the HAMP mods due to reset this year. Furthermore, he said he thinks many homeowners will be “shocked” to find out that “permanent didn’t really mean permanent” and instead meant five years. So what does any of this mean, homeowners are going to see their mortgage payments go up this year, next year, and in many cases, the year after that.

While countless borrowers utilizing Mortgage Fraud Examiners services/methodologies have received multimillion dollar awards, free title to their property, and every conceivable settlement offer imaginable.

By Storm

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One Response to “HAMP BORROWERS SHOULD HAVE HAD THEIR MORTGAGE TRANSACTION EXAMINED”

  1. frdmfytr

    Another kick in the nuts for homeowners and bailout for the banks. Maybe it’s time people start pointing their attention towards these alleged trusts. I could have sworn I read somewhere that it is required they keep updated contact info and yet there doesn’t seem to be any at all. Whatever is online is wrong. At least for the Wamu trusts.

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