Loans, Debt & Credit - View Single Post - PLEASE ONLY POST - Articles, Official Letters, Testimony, Rules and Regs. Moe

ama125 · 07-31-2009, 07:12 AM

Here are a few starters:

1. Moe's other site (he blogs on recent events, offers tips, and posts recent news articles. He is also the founder for LoanSafe.org and manages these forums): Loan Modification - Find government help to stop foreclosure

2. Official gov site for the Making Home Affordable Program (MHA): Making Home Affordable - Home

3. Another gov site with links to the MHA: FinancialStability.gov | U.S. Department of the Treasury

4. eFannie Mae site (they are the administrator for the MHA, their guidelines to servicers mirror those on the website for servicers): https://www.efanniemae.com/home/index.jsp

5. Website for servicers (if you want more insight on how and what they are doing on their end): https://www.hmpadmin.com/portal/index.html

6. FDIC loan modification page (this is their loan mod program for IndyMac borrowers, on it is a description of their program as well as an NPV model. The NPV test is designed for their program and not the MHA, but it can be tinkered with to give others an idea of what this test is and how it calculates the cost of foreclosure vs cost of loan modification. Just don't take it to heart and use it for illustrative purposes only): FDIC: FDIC Loan Modification Program Guide – "Mod in a Box"

07-31-2009, 07:12 AM	#4 (permalink)
ama125 Senior Member Join Date: Jun 2009 Location: Reading, PA Posts: 1,638 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: PLEASE ONLY POST - Articles, Official Letters, Testimony, Rules and Regs. Moe - perhaps a Sticky is in order ? Here are a few starters: 1. Moe's other site (he blogs on recent events, offers tips, and posts recent news articles. He is also the founder for LoanSafe.org and manages these forums): Loan Modification - Find government help to stop foreclosure 2. Official gov site for the Making Home Affordable Program (MHA): Making Home Affordable - Home 3. Another gov site with links to the MHA: FinancialStability.gov \| U.S. Department of the Treasury 4. eFannie Mae site (they are the administrator for the MHA, their guidelines to servicers mirror those on the website for servicers): https://www.efanniemae.com/home/index.jsp 5. Website for servicers (if you want more insight on how and what they are doing on their end): https://www.hmpadmin.com/portal/index.html 6. FDIC loan modification page (this is their loan mod program for IndyMac borrowers, on it is a description of their program as well as an NPV model. The NPV test is designed for their program and not the MHA, but it can be tinkered with to give others an idea of what this test is and how it calculates the cost of foreclosure vs cost of loan modification. Just don't take it to heart and use it for illustrative purposes only): FDIC: FDIC Loan Modification Program Guide – "Mod in a Box"