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

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Wells Fargo, US Bancorp Lose Key Foreclosure Ruling


In Boston Massachusetts there is a Supreme Court ruling going which could stop previous foreclosures due to invalid transfer of ownership to the property in a timely manner.   The borrower may also be entitled to sue for damages. This is the highest court ruling that can occur.  The issue is that if the banks did not transfer the property correctly there is a possibility that they will have to buy back the loan. This would cause a huge financial problem within the mortgage industry.  There has not been a decision made yet on this ruling.