Currently Browsing:Home Affordable Modification Program (HAMP)


HAMP achieves a more affordable payment by adjusting your interest rate, extending your term, and reducing or forbearing your principal.
HAMP homeowners typically save about $500 per month.
Through HAMP, you can get help with your primary residence or rental property.
If you owe significantly more than your home is worth (>115 Loan-To-Value), you’re automatically evaluated for principal reduction.
Just for making timely payments, you could earn up to $10,000, which would be used to reduce your principal balance.

Ocwen partners with NAACP to help struggling homeowners

  Planning four community outreach events in 2016 April 5, 2016 Ben Lane KEYWORDS BORROWER ASSISTANCE NAACP OCWEN OCWEN FINANCIAL OCWEN FINANCIAL CORP. OCWEN LOAN SERVICING Ocwen Financial is partnering with the NAACP to host a series of community outreach events designed to reach struggling borrowers and help them stay in their homes. According to […]

Forensic loan audits no help in foreclosure

Forensic loan audits no help in foreclosure Posted on 30, Nov -0001 At 12:00 AM  Forensic loan audits no help in foreclosure Forensic loan audits no help in foreclosure Your home is facing foreclosure. You receive a “forensic loan audit” solicitation. The company asks you for upfront fees to conduct a forensic review of your […]

You Can Avoid Foreclosure

You Can Avoid Foreclosure It’s an ugly beast nobody wants to deal with but even if you start off with the best intentions and lots of money on the side, foreclosure can still become a reality in your life. The HARP program and other refinancing methods can all help a homeowner, that’s you, stay in […]

Modifications and the Discharged Mortgage Loan Dilemma

Mortgage borrowers who are granted Chapter 7 bankruptcy discharges and do not reaffirm their mortgages present unique issues for their lenders and mortgage servicers (collectively, mortgage lenders). When a loan secured by a mortgage on the borrower’s principal residence (the mortgage loan) is discharged in bankruptcy, the borrower’s personal liability on that loan is removed. […]

Bank of America Lied To Home Owners, Former Workers Allege

Reuters Posted: 06/14/2013 5:38 pm EDT Updated: 08/14/2013 5:12 am ED By Michelle Conlin and Peter Rudegeair June 14 (Reuters) – Six former Bank of America Corp employees have alleged that the bank deliberately denied eligible home owners loan modifications and lied to them about the status of their mortgage payments and documents. The bank […]