Loan Modification Forum - LoanSafe.org - View Single Post - Modification? Forebearance? I'll Flip a Coin!

azdmsmith · 04-07-2009, 03:39 PM

You have to be at risk of default but not behind on payments to qualify for the Obama modification program. In fact, the servicer (Chase) earns an extra $1,500 if they modify a loan that is current.

04-07-2009, 03:39 PM	#56 (permalink)
azdmsmith Senior Member Join Date: Mar 2009 Posts: 118 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Modification? Forebearance? I'll Flip a Coin! You have to be at risk of default but not behind on payments to qualify for the Obama modification program. In fact, the servicer (Chase) earns an extra $1,500 if they modify a loan that is current.