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"The median monthly payment reduction for borrowers enrolled in
the (HAMP) program is $522" - DSnews.com

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Bank Foreclosing on Perfect Paying Customers

A married couple with four children from Arkansas is being forced into foreclosure due to their credit report showing that they are 3 months behind. However, the couple has proof that they have never missed a mortgage payment.  Their loan was sold to another lender, and they were never notified about this. They were not aware that they needed to send their payment to a different servicer. Hence, their mortgage payment got lost in the mail, and they were recorded as not making a mortgage payment. The couple had to hire an attorney and the case is still ongoing.  Due to all the chaos that is going on within the mortgage industry, it seems that wrongful foreclosures are occurring a lot more.