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Home Affordable Modification Program (HAMP)

HAMP Hacker Pleads Guilty to Misusing Fannie Mae Site

Black Gavel Pic/Credit: Brand X Pictures

The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) has announced that Sathish Kumar Chandhun Rajendran of Sterling, Va., has pled guilty to engaging in unauthorized access to government servers that hosted a Fannie Mae Web site used to support federal mortgage loan modification programs, including the Home Affordable Modification Program (HAMP). The plea was entered before U.S. District Judge T.S. Ellis III, in federal court in Alexandria, Va.Click to continue

Nearly 40,000 U.S. Homeowners Granted Permanent Loan Mods in May

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HOPE NOW has released its May 2014 loan modification data, finding that an estimated 37,000 homeowners received permanent, affordable loan modifications from mortgage servicers during the month of May. This total includes modifications completed under both proprietary programs and the government’s Home Affordable Modification Program (HAMP).Click to continue

Mortgage Servicer Ocwen Supports HAMP Extension

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Ocwen Financial Corporation has announced its support for Treasury Secretary Jack Lew's recent announcement that the Home Affordable Modification Program (HAMP) is being extended through 2015 and supports his call for the reauthorization of the Mortgage Forgiveness Debt Relief Act (the Debt Relief Act).Click to continue

SunTrust Reaches Agreement With Multi-Agency Force on HAMP Issues

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The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), the U.S. Department of Justice, the U.S. Attorney’s Office for the Western District of Virginia, the Federal Housing Finance Agency Office of Inspector General, and the U.S. Postal Inspection Service have announced that a non-prosecution agreement with SunTrust Mortgage Inc. has been reached that resolves a criminal investigation of SunTrust’s administration of the Home Affordable Modification Program (HAMP).Click to continue

Seven Million-Plus U.S. Homeowners Granted Loan Mods Through April

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HOPE NOW has released its April 2014 loan modification data, finding that 7.02 million American homeowners have received a loan modifications since the first data report was released in 2007. This total includes modifications completed under both proprietary programs and the government’s Home Affordable Modification Program (HAMP).

Approximately 5.65 million homeowners have received proprietary loan modifications since 2007 and 1,364,674 homeowners have received HAMP modifications (Note: HAMP reporting began in 2009).Click to continue

Obama Scorecard Highlights Rebound in the Sale of New and Existing Homes

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The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury released the May edition of the Obama Administration's Housing Scorecard – a comprehensive report on the nation’s housing market. The latest data show progress among key indicators, including growing equity and a rebound in the sale of new and existing homes. While this scorecard notes positive overall trends in the housing market, officials caution that the harsh winter slowed growth as the economy recovers from the Great Recession.Click to continue

Obama's April Housing Scorecard Finds Stability Returning to Marketplace

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The U.S. Department of Housing & Urban Development (HUD) and the U.S. Department of the Treasury have released the April edition of the Obama Administration's Housing Scorecard. While house prices remain stable and equity continues to grow, new and existing home sales have slowed. While this scorecard notes positive overall trends in the housing market, officials caution that the harsh winter slowed growth as the economy recovers from the Great Recession.Click to continue

Maryland Man Sentenced to Jail in $4 Million Loan Mod Scheme

Black Gavel Pic/Credit: Brand X Pictures

Christy Romero, Special Inspector General for the Troubled Asset Relief Program (SIGTARP); David A. O’Neil, Acting Assistant Attorney General of the U.S. Department of Justice’s Criminal Division; and Carmen M. Ortiz, U.S. Attorney for the District of Massachusetts, have announced that Brian Kelly of Forest Hill, Md. was sentenced to serve one year and a day in federal prison for defrauding thousands of homeowners in a $4 million nationwide home loan modification scheme.Click to continue