A New Jersey defense attorney has been named the central figure in a 14-count indictment with three others who are accused of racketeering, murder and $1.1 million in mortgage fraud.
Fannie Mae has introduced an alternative to the Home Affordable Modification Program.
Dubbed the Alternative Modification, it is for borrowers who started a HAMP trial modification before March 1, successfully completed the scheduled payments but were not eligible for a permanent HAMP modification.
Servicers have 30 days to offer the alternative modifications to eligible borrowers.