Bank of America Reneges on Permanent Loan Modification

On December 23, 2010, in Mortgage, Real Estate, by Matthew Forbes

Bank of America’s new practice of denying permanent loan modifications that it had already approved of.

Massachusetts Law Raises Small Claims Amount to Seven Thousand ($7,000) dollars

On August 10, 2010, in Litigation, by Owen Gallagher

A new law in Massachusetts now makes small claims procedures available for all types of contract and damages claims up to $7,000. The Massachusetts District Court has a special court procedure where anyone can start an action by simply making a concise written statement of their claim and filing it with the district court clerk.  […]

Freddie Mac Enforcement of HAMP Violations

On August 3, 2010, in Mortgage, by Matthew Forbes

A common trend among consumer protection attorneys is to attempt to stop foreclosures based on the flagrant disregard of by the servicers of the HAMP guidelines that they are bound to follow, either because the loans are owned by Freddie Mac or Fannie Mae, or because they signed Servicer Participation Agreements.  Most often, when a […]

Major Changes in HAMP Loan Modifications

On July 13, 2010, in Mortgage, by Matthew Forbes

Pursuant to the Treasury Department’s Supplemental Directive 10-01, issued January 28, 2010, mortgage servicers are required to fully verify borrower eligibility prior to offering a trial period plan under the Home Affordable Modification Program (“HAMP”), began on June 1, 2010. If actually followed, this will significantly change the time and protocol for determining permanent HAMP eligibility.

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