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Volume 27 - Number 5

February 4, 2010

Treasury Refines HAMP Documentation Process to Help Ease Borrower Transition from Trial to Permanent Mod

The Obama administration last week announced revisions to documentation requirements under the Home Affordable Modification Program to expedite moving homeowners from trial to permanent loan modifications. The Department of the Treasury and the Department of Housing and Urban Development unveiled the changes in an effort to remove a major obstacle to efficient transition from a trial...

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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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