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Volume 27 - Number 10

March 11, 2010

Servicers Still Coping With HAMP And Looking to Other Mod Programs

Servicers have been hamstrung by several aspects of the Obama administration’s Home Affordable Modification Program, and as they look for ways to opt out of the massive government initiative, some are looking to their own mod programs instead. As of the end of January, slightly more than 1 million HAMP trials had been started, but only about 116,000 or less than 12 percent have been...

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Poll

The Consumer Financial Protection Bureau is completing its first six months of operation. Based on the agency’s regulatory pronouncements and announcements to date, how do you think the agency is doing?

It’s doing a good job of balancing consumer protections with regulating the mortgage industry.
It’s too early to tell what kind of job the CFPB is doing.
It’s not needed and should be closed down.

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Housing Pulse

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