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AAHMP's Mission
Mortgage loan servicing includes various operational functions, each of which must conform to consistent performance standards. Successful servicing can require differing servicer behaviors, depending on the function performed. Collecting mortgage payments is a straightforward process, simple enough for lender execution, if not always pleasing to the borrower. Recommending foreclosure can be direct and simple or it can require the exercise of sophisticated judgments about a borrower’s personality and attitude... History of AAHMP For the past 14 months Mr. Gillan has been meeting with members of the US Government advising and proposing a strategy to deal with the current real estate crisis. His main contribution has been developing a strategy to deal with declining real estate values nation wide spurred by the foreclosures crisis. His position in October 2008 was that due to the cycle of declining values starting 2007 the only way to slow a further decline was to implement an aggressive foreclosure prevention strategy. This strategy would keep inventory to a manageable level by keeping people in their homes if a sustainable mortgage modification could be achieved... |
