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

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Fraudulent Loans


It is being discovered that there is still a huge problem with fraudulent loans throughout the United Stated with homeowners and the major banks. This is going to be an ongoing problem for many years to come. This issue is backdating into the late 1990's.  The main issue is that there a lot of "shoddy" paperwork that "compromises" the validity of the loan documents. "Robo-Signing" is still a major issue within the mortgage industry.  It has caused major problems with the banks in being able to foreclose on homeowners.  The only way that this problem could possibly be resolved, is if and when federal regulators become involved.