Can someone please tell me the new HAMP guidlines, to qualify for the HAMP program.
My gross pay to my current mortgage payment(including taxes, and insurance) is 59%.
I have Fannie Mae, or Freddie Mac, no sure which one.
I have not been more then 30 days late on my mortgage.
I have been unemployed since Feb. 09.
I originally sent in paper work(check stub, bank statements) back in July 09.
When I originally sent in the paper work I was not even 30 days late.
I was a Countrywide customer.
I have had this loan for 6 yrs.
What should my debt to income ratio be? (Net pay minus expenses)
Any advise too, would be very helpful to get this HAMP program.