Homeowners Assistance

Sovereign Bank is participating in an Independent Foreclosure Review in which an independent consultant, under the direction of federal banking regulators, will determine whether borrowers were financially injured due to errors, misrepresentations or other deficiencies in the foreclosure process. Borrowers who were or may be financially injured may receive compensation or other remedy. To qualify, your loan must have been secured by your primary residence and the foreclosure action must have been in process between January 1, 2009 and December 31, 2010.

You may contact us about a complaint you may have with regard to the modification or foreclosure of your mortgage loan.

If you are a homeowner who is current on your mortgage payments, but unable to refinance to a lower interest rate because your home value has decreased, you may be eligible.

If you are a homeowner who can no longer afford to make your monthly loan payments because your interest rate has increased or you have less income, you may qualify for a loan modification.

Read important questions and answers to consider when reviewing the program.

Learn more about the "Making Home Affordable" program, and find out if your mortgage is guaranteed by Fannie Mae or Freddie Mac.