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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 Foreclosure Issue


The foreclosure process has been a major issue within the mortgage industry. The main issues have been the "robo signing" and the mortgage documents being misplaced by lenders and the banks.  The US Treasury department stated that they are reviewing all the issues and they have agreed that these problems need to be fixed immediately.   The US Treasury has decided to put together a team to find out how this problem can be solved. This problem has been going on since September and they are hoping that they will have some type of answer by the end of the year.