SunTrust pays $320M to resolve HAMP violations

SunTrust pays $320M to resolve HAMP violations SunTrust Mortgage (STI) agreed to pay $320 million to resolve the criminal investigation into the company’s Home Affordable Modification Program by the U.S. Department of Justice.

SunTrust will pay up to $320 million to settle claims whether it had dealt inappropriately with homeowners looking to take advantage of HAMP. theMReport.com Your trusted source for mortgage.

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Atlanta-based SunTrust Banks has agreed to a settlement of up to $320 million to resolve a criminal investigation into the lender’s treatment of applicants to a federal mortgage-assistance.

SunTrust Mortgage (STI) agreed to pay $320 million to resolve the criminal investigation into the company’s Home Affordable Modification Program by the U.S. Department of Justice. According to the.

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See the complete profile on LinkedIn and discover Dharmendra C.’s connections and jobs at similar companies.SunTrust pays $320M to resolve HAMP violations SunTrust Mortgage (STI) agreed to pay $320 million to resolve the criminal investigation into the company’s Home Affordable Modification Program by the U.S. Department of Justice.

Government programs such as Home Affordable Modification Program (HAMP ) are not available for SunTrust owned loans. Loans Owned by Private Investors: If your mortgage is owned by a private investor, then any loan modification will be evaluated on an individual basis based on the requirements of your investor.

SunTrust Mortgage agreed to pay $320 million to resolve the criminal investigation into the company’s Home Affordable Modification Program by the U.S. Department of Justice. According to the DOJ, SunTrust misled numerous mortgage servicing customers who sought mortgage relief through HAMP.

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