MacKenzie v. Flagstar Bank, 738 F.3d 486 (US Ct App. 1sr Cir. 2013)
Dec 30, 2013OUTCOME: No borrowers' right to enforce HAMP
Mortgage Borrowers could not assert 3rd part beneficiary status under the Home Affordable Modification Program (HAMP) agreement between lender and the US Treasury Dept. , even where it was alleged that ... the lender had violated the HAMP guidelines. HAMP required lenders to consider borrowers for loan modifications and offer other foreclosure services under the Federal HAMP guidelines.
