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helpsavemyhome · 01-30-2009, 02:25 PM

Hi rtwm33,

I also have a Conventional ARM, Interest Only, 7.75%. I was told by CW that I don't qualify for any type of program since I have this type of loan. I have recently gone to NACA who has just submitted a restructure proposal to CW. My NACA counselor is sure that our loan was one of the "predatory" loans.

Definitely contact NACA and be sure to have them check over your HUD-1 and 1003 paperwork from closing.

May I ask if the investor of your loan is Bank of New York?

01-30-2009, 02:25 PM	#4 (permalink)
helpsavemyhome Senior Member Join Date: Dec 2008 Posts: 348 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Conventional ARM Loan Hi rtwm33, I also have a Conventional ARM, Interest Only, 7.75%. I was told by CW that I don't qualify for any type of program since I have this type of loan. I have recently gone to NACA who has just submitted a restructure proposal to CW. My NACA counselor is sure that our loan was one of the "predatory" loans. Definitely contact NACA and be sure to have them check over your HUD-1 and 1003 paperwork from closing. May I ask if the investor of your loan is Bank of New York?