Mortgage Modifications and You — Part 1

[Joanne98]

By: Cynthia Kouril Sunday February 28, 2010 8:30 am



Earlier this month the bankruptcy courts of the Second Circuit here in New York put on an incredibly informative seminar called “The Intersection of the Bankruptcy Loss Mitigation Program with HAMP/HARP.” It was presented for the education of bankruptcy practitioners and lawyers who represent consumers. It featured bankruptcy judges from the Southern and Eastern Districts of New York, a senior manager for Government Programs and New Initiatives for Fannie Mae (the Home Affordable Modification Program and the Home Affordable Refinance Program being “new initiatives”), a VP/Deputy General Counsel for Fannie Mae, and the Director of Foreclosure Prevention at Brooklyn Legal Services.

For those folks living in New York state, the best news is that a version of this same program was presented two weeks earlier to both bankruptcy court judges AND NYS judges who will be staffing the mortgage foreclosure parts. The program was live streamed into the courthouses, so nobody had to miss it.

The Bankruptcy Loss Mitigation Program was begun in the Southern District of New York in 2008 and was adopted in the Eastern District of New York in late 2009

http://firedoglake.com/2010/02/28/loan-modifications-and-you-part-1/