Loans, Debt & Credit - View Single Post - NACA/CW/BofA June Restructure Submissions

2much2pay · 07-23-2009, 02:17 PM

okay... I am totally lost! I called the advocacy line today to see who opened a case for special forebearance. All the previous information has been deleted and the only workout left is the FB. I was asking how much longer I had to wait to get approved for a mod? She told me I was just assigned to a negotiator yesterday and she will be reviewing my file for special programs...blah...blah..blah...and after she reviews it Fannie Mae also has to approve it. I was like, I thought Ginnie Mae was my investor? She said nope Fannie Mae has always been my investor. The only thing that changes is the servicer. So I went from thinking Countrywide, Ginnie Mae now Fannie Mae are my investors. Now I don't even care. I called the FHA service center to find out who my investor was. They were the ones that told me Ginnie Mae. With all the bad things I hear about Fannie I'm afraid my chances of getting the naca proposal approved is slim to none. What do you guys think?

07-23-2009, 02:17 PM	#181 (permalink)
2much2pay Senior Member Join Date: May 2009 Posts: 136 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: NACA/CW/BofA June Restructure Submissions okay... I am totally lost! I called the advocacy line today to see who opened a case for special forebearance. All the previous information has been deleted and the only workout left is the FB. I was asking how much longer I had to wait to get approved for a mod? She told me I was just assigned to a negotiator yesterday and she will be reviewing my file for special programs...blah...blah..blah...and after she reviews it Fannie Mae also has to approve it. I was like, I thought Ginnie Mae was my investor? She said nope Fannie Mae has always been my investor. The only thing that changes is the servicer. So I went from thinking Countrywide, Ginnie Mae now Fannie Mae are my investors. Now I don't even care. I called the FHA service center to find out who my investor was. They were the ones that told me Ginnie Mae. With all the bad things I hear about Fannie I'm afraid my chances of getting the naca proposal approved is slim to none. What do you guys think?