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angelisax3 · 02-09-2009, 05:51 PM

Received a FedEx package today from CW Home Retention Division although I had received the pre-recorded message saying I should be expecting a package from Fannie Mae - don't know if this is what they were referring to. It's almost the same offer I received last Monday. The difference is that it reduces my interest from 7.75% to 6.875% for one year then increaseds each year thereafter but the increases will not exceed the annual lifetime cap which is 7.5% of the scheduled payments of principal? On last week's offer, the tacked my lates onto principal and pmt would be $2152. Here they offerred me $1,616 for one year but that total would increased if I can't come up with past due of $22,000. Now what?

02-09-2009, 05:51 PM	#10 (permalink)
angelisax3 Senior Member Join Date: Nov 2008 Location: Southern California Posts: 55 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: New Loan Modification on it's way? Received a FedEx package today from CW Home Retention Division although I had received the pre-recorded message saying I should be expecting a package from Fannie Mae - don't know if this is what they were referring to. It's almost the same offer I received last Monday. The difference is that it reduces my interest from 7.75% to 6.875% for one year then increaseds each year thereafter but the increases will not exceed the annual lifetime cap which is 7.5% of the scheduled payments of principal? On last week's offer, the tacked my lates onto principal and pmt would be $2152. Here they offerred me $1,616 for one year but that total would increased if I can't come up with past due of $22,000. Now what?