Currently, plaintiffs have brought suit in a Minnesota federal district court to claim that HAMP provides benefits that trigger procedural due process rights. Many banks have opted into HAMP yet they continue to deny homeowners without giving reasons or providing a method for appeal. Many people are out on the street with no remedy.
The matter has been briefed on the plaintiffs’ motion for a preliminary injunction halting all foreclosures until HAMP can be refined to add an appellate process and other accountability/transparency improvements.
Here’s a brief summary of the case via the Housing Preservation Project’s Press release and a blog post on attorney Bublick’s blog:
Here is the Plaintiff’s Memorandum in Support of the Motion for Preliminary Injunction:
Plaintiffs’ Reply Brief:
Here is the GAO Report on how Treasury needs to make HAMP program more transparent and accountable.