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In: Mortgage
30 May 2010Where can go online to find out how to qualify for this new program the prez signed? I lost my job in jan. and the other person who is on the house payment is retired and we are struggling to make the payment. We have a countrywide mortgage and have never missed a [...]
I have a mortgage with BOFA. Due to circumstances beyond my control (job loss) I called about a loan modification. I do not qualify for the refinance as I am underwater on the mortgage. I was told I don’t qualify for a modification because my mortgage has ‘lender paid’ PMI. [...]
I applied for Obama’s loan modification with Wells Fargo, my mortgage lender. They want me to do a credit counseling! Where is all this federal money? I meet all the criteria for the program except my loan payment is lower than 31 percent of my monthly net income. I have a loan that will adjust [...]
In: refinancing
2 May 2010They sound the same to me. I’m just a little confused. There’s also a second mortgage and short refinance.
Can someone please verify these definitions for me and please advise as to which one would be better?
I am helping my father with a loan modification; he is current on his payment because he’s been using his entire life savings to help with the payment. He grosses $3200.00 monthly, yet his take home pay is only $2000.00 after taxes, union dues, and health insurance. His house payment is $1930.00! He is on [...]
Will I qualify for mortgage modification under the terms in the new Bill?
I am current on my payments. How ever the way I currently understand the terms. One must have been responsible and paid payments on time. This has not always been the case with me. For years I always paid [...]
In: Mortgage
27 Mar 2010I have lost my job and am now working as a cashier at a grocery store. The problem is that my new salary is not enough to cover the mortgage. I am in a very tight situation so I am curious to know my options. I have heard that applying for a mortgage loan modification [...]
In: refinancing
11 Mar 2010There is a lot of talk about mortgage modifications, refinancing and new mortgage rules, but most info is so basic that everyone just keeps repeating the stuff already known. Can anyone suggest a place with more advanced and very specific articles stating the facts with references back to the primary sources?
In: Mortgage
18 Feb 2010Debating where the money went in the failed mortgage modification program, with Christian Weller, Center for American Progress and Dan Mitchell, Cato Institute.
In: refinancing
7 Feb 2010home loan modification vs mortgage refinancing, are they the same thing?
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