[Moe Bedard]

Hi bmccarron,


Welcome to the forum and thank you for joining.................

The moretorium that they are speaking about is on foreclosures until January 9th..........with FannieMae as your investor, they are only looking at modifying loans that are 90+ days in default, however, that does read on your credit as a default so I would definately call back and speak to another rep to clarify what you are being told and how and when they would correct that on your credit report.

What they are doing with the modifications are trying to bring payments, if the ability is there, to 38% of gross household income..........they will be extending terms and reducing interest rates to obtain this.


Please call the number set up for Loan Safe members to verify what you were told.......................
1-866-255-3901