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

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Homeownership Preservation Foundation


A study was conducted by the Homeownership Preservation Foundation that found that the majority of loan mod scams are directed at minorities.  The Homeownership Preservation Foundation is a national non-profit group that specializes in helping homeowners trying to avoid foreclosure.  The study examined how many states were victims of mortgage fraud. California was the highest at 22%, Florida was 2nd at 7%, Texas and New York was listed at 5% and Georgia was at 4%.