HAMP Loan Modifications Denied In Violation of Dodd-Frank

Were you denied a HAMP loan modification?
Did your lender ignore a Qualified Written Request or Notice of Error letter?
Were you denied a HAMP loan due to “negative NPV”?
Did your lender repeatedly lose documents and let others expire?
Did you know that under Dodd-Frank, servicers must notify you whether your HAMP application is complete or incomplete within five days and your lender must provide you with NPV inputs in its denial letter so you can challenge servicer errors.
A Treasury audit of HAMP denials found that 19% of lender’s data inputs were either entered incorrectly or could not be supported by the servicers’ records.
Write to us if your HAMP application was improperly reviewed or unfairly denied.


Ocwen Loan Servicing and Litton Loan “Force Placed” Insurance

If your home loan is serviced by Ocwen Loan or Litton Loan and you were charged for an overpriced homeowner’s casualty insurance policy, you are a victim of one of the most common mortgage abuses.  Lenders force place insurance even where the homeowners has a fully paid valid policy, a common administrative error that increases mortgage payments and pushes people closer to default and foreclosure.  If this is your experience,  please contact us here.

HSBC “Force Placed” Insurance

The class action filed against HSBC in March of 2012 was consolidated on May 24, 2013 into an MDL docket in Pennsylvania entitled Montanez et al. vs. HSBC Mortgage (USA).  If you have a mortgage with HSBC bank, you may have paid for an overpriced homeowner’s casualty insurance policy.   The Attorneys General investigated the systematic mortgage abuses of national lenders and concluded that “force placed” insurance is one of the worst because premiums are 300% to 900% of market rate policies. The problem was reported in the New York Times*.  If you were overcharged you for homeowner’s insurance, contact us here.

See Insurance Dictated By The Bank New York Times, March 25, 2011, by Paul Sullivan.

JPMorgan Chase Overdraft Fees Litigation

Overdraft fees accounted for 25% of big bank revenue in 2009, according to the Federal Deposit Insurance Corporation. Big banks made $38.5 billion from overdraft fees in 2009, up from $18 billion in 1999.  A class action succeeded in stopping the banks from defrauding people who can least afford it. The $110 million dollar settlement was a victory not least because compensation was deposited directly into the accounts of Chase customers who were unfairly charged overdraft fees rather than making customers file their own claim forms.