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

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Mortgage Investors Are Upset With The Banks Too


Mortgage Investors are just as irritated and upset with the banks as homeowners are. The reason is because the servicers are taking forever to make decisions on loan modifications, and foreclosures. The servicers are taking their time to modify homeowners. There also has been a huge problem with all the "robo signings" that has put a halt on many homeowners who were facing foreclosure.  Both of these issues are causing a problem for the mortgage market.  Investors have stated that this is a very big problem and they are actually think of taking legal action against the servicers if the problem is not fixed.