HAMP was created by the Obama administration to “encourage banks to modify loans for struggling homeowners after the financial crisis.” The settlement funds will be divided into restitution, forfeiture, and prevention. Read more: Securitization Audit News The Network: Business at Berkeley Law...
Posts Tagged With 'after-the-financial'
Securitization Audit News Early Obama 'Mortgage Modification …
Monthly house payments will go up soon for many of these borrowers who received government-sponsored loan modifications after the financial crisis. The first wave of rate and monthly payment increases will begin this year, Excerpt from: Securitization Audit News Early Obama 'Mortgage Modification...
Can title be transferred or mortgage assigned to Fannie or Freddie …
After the financial crisis in 2007-2008, most of the loans were securitized through Fannie Mae (Fannie) and Freddie MAC (Freddie). See the original post: Can title be transferred or mortgage assigned to Fannie or Freddie...