SunTrust pays $320M to resolve HAMP violations

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SunTrust Mortgage Inc. agreed to pay up to $320 million to resolve a federal government investigation into claims it misled homeowners seeking mortgage modifications, the U.S. Department of.

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.

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"SunTrust Advisors" may be officers and/or associated persons of the following affiliates of SunTrust Banks, Inc.: SunTrust Bank, our commercial bank, which provides banking, trust and asset management services; SunTrust Investment Services, Inc., a registered broker-dealer, which is a member of FINRA and SIPC, and a licensed insurance agency.

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In an effort to resolve issues related to HAMP in 2009 and 2010, SunTrust Mortgage reached an agreement with the U.S. Department of Justice to pay $320 million.

SunTrust Mortgage settles federal probe for $320M By: The Associated Press July 3, 2014 CHARLOTTESVILLE (AP) SunTrust Mortgage Inc. has agreed to pay up to $320 million to resolve allegations that it misled customers seeking loan modifications under a government program established to help homeowners avoid foreclosure, the company and federal.

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The next day he called – and.SunTrust pays $320M to resolve HAMP violations SunTrust has agreed to pay $320 million to resolve the criminal investigation into SunTrust’s HAMP Program. The money is divided as follows: Restitution – SunTrust will pay $179 million in restitution to compensate borrowers for damage caused by its mismanagement.

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SunTrust Mortgage pays $320M to resolve HAMP violations | 2014-07-03 | HousingWire. SunTrust Mortgage pays $320M to resolve HAMP violations | 2014-07-03 | HousingWire. Posted 3rd July 2014 by Mortgage Audits Online. 0 Add a comment Jul. 1.