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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 Litigation


There was a significant increase in Litigation amongst mortgages servicers.  The first quarter reported an 88% increase with mortgage litigation. The report was conducted by Patton Boggs LLP and Mortgage Daily.com.  The main reason that litigation began between homeowners and banks was due to the "Robo-Signing" scandal that occurred last year.  The majority of lawsuits that are occurring at this time have to deal with homeowners being foreclosed upon illegally.