Those morons prefer to spend money on lawyers to challenge poor people in court, instead of making any modification. Read the horrors story in people's complaints.
all over on this boards, wake up censor!
Under the Troubled Asset Relief Program (“TARP”), also known as the taxpayer bailout, the United States Government provided the nation’s largest financial institutions with nearly $700 billion in funds to address what was widely accepted as an unprecedented financial crisis.
A key feature of TARP is the Making Home Affordable Program, of which the HAMP is a major component. Under the HAMP, servicers like Nationstar and other major lenders receive incentive payments for providing mortgage loan modifications to eligible borrowers.
In or around May 2009, Nationstar signed a contract with the U.S. Department of the Treasury, through its agent, Fannie Mae, agreeing to participate in the HAMP as an approved HAMP servicer.
Thanks to President Obama.
Scams by Loan Providers: Lenders and mortgage brokers may employ a number of tricks to increase their income from originating a loan, at the borrower's expense.
They get what they deserve - a very ruthless company!
Sentiment: Strong Sell