Making Home Affordable Tag

Culik Law files lawsuits against Chase, Wells Fargo, Fannie Mae

Culik Law recently filed new lawsuits against major banks and financial institutes, including Chase, Wells Fargo, and Fannie Mae, related to unfair business practices arising out of homeowners’ attempts to obtain loan modifications under programs such as the Home Affordable Modification Program (HAMP). The lawsuits allege...

HAMP Loan Modifications Extended, Now Available Through 2015

The federal loan-modification program, HAMP, has been extended until the end of 2015. The main government departments that oversee HAMP, the Department of the Treasury and the Department of Housing and Urban Development, recently made the announcement. Originally introduced in 2009, HAMP, which is short for...

Appeals Court Rules in Favor of Massachusetts Homeowner

Reviewing a Massachusetts homeowner’s trial loan modification agreement with her mortgage bank, an appeals court ruled in Young v. Wells Fargo Bank, N.A. (Case no. 12-1405) that the homeowner was entitled to a permanent loan modification. The homeowner’s loan modification was offered under the federal Home...

Bank of America Headed to Trial For Wrongful Foreclosure

In a recent decision on the HAMP loan modification program, a magistrate judge of the US District Court for Massachusetts ruled that homeowners who were foreclosed on while under consideration for a loan modification may proceed with a lawsuit against Bank of America. Bank of America...

My Friend Got a 2% Loan Modification, Why Didn’t I?

My Friend Got a 2% Loan Modification, Why Didn’t I? The simple answer is that every loan modification is different – starting with the mortgage loan you had to begin with. It is likely that the terms of the original mortgage you received are different than...

Report Shows Little Supervision of HAMP

A report from the independent media organization ProPublica shows that, for years, there was little to no government supervision of the banks who participated in the government loan-modification program, the Home Affordable Modification Program. HAMP is supposed to provide relief to millions of homeowners that...

Awesome feedback from one of our clients

We just received some awesome feedback from a client today. It hit the spot at Culik Law. We work diligently on these cases and this kind of result is the whole purpose. Thank you! "I cannot thank you enough for the stellar work you did...

Wells Fargo Weirdness

A common occurrence when dealing with most of the banks participating in Making Home Affordable is their ever-changing requirements borrowers have to submit for consideration. It can frustrate the calmest of souls and the only comfort at the end of one of these maddening exchanges...