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

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The Federal Housing Financing Agency is Set to File Suit


Bank of America, JPMorgan Chase, Goldman Sachs, and Deutsche Bank are possibly going to be sued by The Federal Housing Financing Agency.  The suit is going to be filed within the next couple of days in federal court. The banks are being sued due to "misrepresenting the quality of mortgage securities they assembled and sold at the height of the housing bubble". The banks made billions of dollars by doing this.  The federal agency is going to argue that the banks did not obey by the security laws and overlooked borrower's income which was clearly not accurate and or over exaggerated.