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Volume 2010 - Number 3

February 5, 2010

New HAMP Documentation Policy Matches Ocwen

Documentation adjustments made last week to the Home Affordable Modification Program endorse the practices of non-prime servicer Ocwen Financial. The Treasury Department said servicers must obtain key documents from borrowers before a HAMP evaluation can begin, no longer allowing for verbal information. “This more robust requirement of up-front documentation will make it easier and...

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