Top HAMP Servicers are punished by Treasury.


The Treasury Department has recently announced that it will be withholding the $4,500 per mortgage  incentive it had offered to Bank of America, Chase and Wells Fargo until they substantially improve their performance in the HAMP program. This CNN Money article goes on to state that the Government hopes that this will spur on better results among these banks which are the largest, most crucial participants in the HAMP program. Read article


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