PNC Mortgage Letter on HAMP Compliance

Documents from mortgage servicers — such as this certification letter from PNC Mortgage — show how the Treasury Department coddled servicers that didn't comply with the Home Affordable Modification Program. Servicers who violated HAMP merely submitted cover letters stating the exceptions and how they would fix the problems. This 2010 certification from PNC Mortgage discloses five “instances of noncompliance” or “gaps” — all redacted by the Treasury Department. Submitted by Paul Kiel (@PaulKiel) Related: Secret Documents Show Weak Oversight of Key Foreclosure Program
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