Lawyers have commenced an investigation of HSBC regarding the wrongful denial of mortgage modifications on behalf of home owners who: (1) have entered into a Trial Period Plan (“TPP”) contract with HSBC and made all payments as required by their TPP contract and complied with HSBC's requests for documentation, and (2) have not received or have been denied a permanent Home Affordable Modification Agreement in accord with the U.S. Department of the Treasury's Home Affordable Modification Program (“HAMP”) rules.
HSBC, like many other banks, agreed to participate in HAMP and are thus obligated to modify mort
gage loans they service for homeowners who qualify under HAMP, a federal program designed to abate the foreclosure crisis by providing mortgage loan modifications to eligible homeowners. The investigations questions whether HSBC systematically slowed or denied generic cialis no prescription homeowners' requests to modify mortgages in order to collect higher fees and interest rates associated with stressed home loans.
If you believe that you have been improperly denied a permanent loan modification by HSBC and would like to inquire further about the investigation or your potential legal rights, please contact using the submission form below.
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