Loan Modification Forum - LoanSafe.org - View Single Post - 30 year fixed Mortgage Cust Here<-----

wingman69 · 02-08-2009, 12:56 PM

Hi ***

Its my birthday tomorrow, remember?

Anyway, thank you for the lead/link. I was looking at mt note that CW has available on their website and I think you are correct, its a Fannie mae /Freddie mac...I think? There is a statement at the bottom of each page with the following; MULTISTATE FIXED RATE NOTE- single family-Fannie Mae / Freddie Mac UNIFORM INSTRUMENT.

Is this an indication that they are the ones who ended up with our loan? Or, is this merely a standardized document with these entities guidelines printed on the forms?

We have only this one loan with PMI. You mentioned that "they" meaning Fannie Mae are only looking at loans that are 90+ days late, is this correct?

We were/are considering a short sale. Should we pursue a mod instead? If we do pursue a modification in lieu of selling, should we put any short sale ideas on hold? We have not yey given the green light to any real estate agent. And, as stated earlier we will only go in arrears one week from now.

I will follow the link you gave me, thank you so much.

David

02-08-2009, 12:56 PM	#3 (permalink)
wingman69 Member Join Date: Feb 2009 Posts: 17 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: 30 year fixed Mortgage Cust Here<----- Hi *** Its my birthday tomorrow, remember? Anyway, thank you for the lead/link. I was looking at mt note that CW has available on their website and I think you are correct, its a Fannie mae /Freddie mac...I think? There is a statement at the bottom of each page with the following; MULTISTATE FIXED RATE NOTE- single family-Fannie Mae / Freddie Mac UNIFORM INSTRUMENT. Is this an indication that they are the ones who ended up with our loan? Or, is this merely a standardized document with these entities guidelines printed on the forms? We have only this one loan with PMI. You mentioned that "they" meaning Fannie Mae are only looking at loans that are 90+ days late, is this correct? We were/are considering a short sale. Should we pursue a mod instead? If we do pursue a modification in lieu of selling, should we put any short sale ideas on hold? We have not yey given the green light to any real estate agent. And, as stated earlier we will only go in arrears one week from now. I will follow the link you gave me, thank you so much. David