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HAMP Policy Analysis

2019-03-08T08:21:43-05:00March 8, 2019|Categories: Home Affordable Modification Program (HAMP)|

Analysis and Recommendations No Hope for Homeowners: The Administration’s Home Affordable Unemployment Program Hurts the Unemployed, July 2010 Home Affordable Modification Program: Borrower Notices Fall Short, November 2009 Homeowners Need Mandatory Loan Modifications and Expanded Access to Mediation; Current Programs Fall Short, September 2009 NCLC's Home Affordable Modification Program Recommendations, July 2009 NCLC's Home Affordable [...]

FHA Loans

2022-05-31T15:38:36-05:00June 19, 2017|Categories: Mortgage Servicing|

Policy Briefs, Reports and Press Releases Press Release: Advocates Applaud Halt to Foreclosures and Bills to Stabilize Homeownership and Protect Credit Reports but Highlight Need for Further Relief During Pandemic, March 19, 2020 Policy brief: Recommendations to Improve FHA’s Foreclosure Avoidance Program, March 2020 Press release: Government Report Shows Harm to Consumers from HUD Loan Auctions [...]

HAMP Practice Aids

2019-03-08T09:49:18-05:00February 22, 2012|Categories: Home Affordable Modification Program (HAMP)|

Practice Aids HAMP Summary for Judges (August 2013) Identifying Participating Servicers What to Do When the Servicer Says the Investor is Not Participating? What to Do When the Servicer Says No? What to Do When the Servicer Denies Because They Re-ran the NPV Test? What to Do When the Servicer Refuses to Accept or Process a [...]

HAMP Litigation

2019-03-08T08:22:12-05:00December 14, 2011|Categories: Home Affordable Modification Program (HAMP)|

HAMP Trial Period Plan (TPP) Contract Claims NCLC, with its co-counsel, has filed five class action suits on behalf of Massachusetts residents to challenge the way the nation's major banks and mortgage servicers are implementing the Home Affordable Modification Program. The lawsuits cite the failure of Wells Fargo Bank, Bank of America, Litton Loan Servicing, [...]

Loan Servicing Books & Newsletters

2019-03-08T08:22:33-05:00December 13, 2011|Categories: Loan Servicing Books, Tools & Other Resources|

Publications Foreclosures and Mortgage Servicing Foreclosure Prevention Counseling Consumer Bankruptcy Glossaries HAMP & Loan Modification Glossary Mortgage Servicing Terms (helpful in understanding mortgage escrow statements, loan histories, and other client account documents) Links Bankruptcy Mortgage Project: A resource for an alternative to foreclosure through Chapter 13 bankruptcy Tools FDIC Net Present Value (NPV) Calculator An [...]

Other Resources for Housing Counselors

2019-03-27T11:08:39-05:00December 13, 2011|Categories: Foreclosure Prevention Books, Tools & Other Resources|

FDIC Loan Modification Program Guide: "Mod in a Box" FAQs on FDIC Loan Modification-in-a-Box HUD Housing Counseling Handbook Brochures Dreams Foreclosed: Saving Older Americans from Foreclosure Rescue Scams Steps That Advocates Can Take To Help Prevent Foreclosure Helping Elderly Homeowners Victimized by Predatory Mortgage Loans HOME A LOAN: A Quick Guide on Reverse Mortgages for [...]

HAMP Policy Analysis

2019-03-08T09:49:35-05:00December 13, 2011|Categories: Home Affordable Modification Program (HAMP)|

Testimony Testimony of Diane Thompson before the Senate Committee on Banking, Housing, & Urban Affairs: Problems in Mortgage Servicing from Modification to Foreclosure, November 2010 Testimony of Alys Cohen before the Subcommittee on Housing and Community Opportunity:  The Recently Announced Revisions to the Home Affordable Modification Program (HAMP), April 2010 Testimony of Alys Cohen before Subcommittee on [...]