Loan Modification Forum - LoanSafe.org - View Single Post

AussieMumTwo · 04-13-2009, 10:05 PM

OK - so I only started on March 20th 2009 so I am very new to this. I just found on Countrywides website in my account information the programs they have. They have one called Loan Modification. This is NOT the Making Homes Affordable Loan Modification. The guidelines are completely different and all they are going to do is tack on everything to the back end of the loan so there is no way that you can ever get ahead or get better numbers.
I am curious as to how they got HUD to put them on as a lender following the program when they don't have anything in place for the Making Homes Affordable loan modifications. Now I do know that they did appear to have a group in place for the REFI part if you have a Fannie Mae or Freddie Mac loan as they called me today. Too bad I wanted the other group.

04-13-2009, 10:05 PM	#2 (permalink)
AussieMumTwo Member Join Date: Apr 2009 Posts: 6 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Investment Properties and Mods OK - so I only started on March 20th 2009 so I am very new to this. I just found on Countrywides website in my account information the programs they have. They have one called Loan Modification. This is NOT the Making Homes Affordable Loan Modification. The guidelines are completely different and all they are going to do is tack on everything to the back end of the loan so there is no way that you can ever get ahead or get better numbers. I am curious as to how they got HUD to put them on as a lender following the program when they don't have anything in place for the Making Homes Affordable loan modifications. Now I do know that they did appear to have a group in place for the REFI part if you have a Fannie Mae or Freddie Mac loan as they called me today. Too bad I wanted the other group.