Chase OWNED loans not eligible for MHA??? - Loan Modification Forum

JoannaOregon · 07-02-2009, 09:22 PM

I was told by a Chase rep yesterday that loans OWNED by Chase have not and will not be eligible for MHA as Chase is not participating in MHA. Only Freddie and Fannie loans that Chase services are eligible. That is why some folks get the 3 month trail forbearance from Chase not the 3 month trial MHA.

Anyone have any info on this?

Evan Bedard · 07-03-2009, 10:14 AM

Hi Joanna Chase is utilizing the program for the loans that they own as well.........

Page 2, Section 2 Authority and Agreement to Participate in the Program

Servicer shall perform the Services for all mortgage loans its services, whether it services such mortgage loans for its own account or for the account of another party, including any holders of mortgage-backed securities (each such other party, an "investor").

http://www.financialstability.gov/do...0Agreement.PDF
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07-02-2009, 09:22 PM	#1 (permalink)
JoannaOregon Senior Member Join Date: Jan 2009 Posts: 49 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Chase OWNED loans not eligible for MHA??? I was told by a Chase rep yesterday that loans OWNED by Chase have not and will not be eligible for MHA as Chase is not participating in MHA. Only Freddie and Fannie loans that Chase services are eligible. That is why some folks get the 3 month trail forbearance from Chase not the 3 month trial MHA. Anyone have any info on this?

07-03-2009, 10:14 AM	#2 (permalink)
Evan Bedard LoanSafe.org Homeowner Guide Join Date: Aug 2007 Location: Southern California Posts: 2,168 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Chase OWNED loans not eligible for MHA??? Hi Joanna Chase is utilizing the program for the loans that they own as well......... Page 2, Section 2 Authority and Agreement to Participate in the Program Servicer shall perform the Services for all mortgage loans its services, whether it services such mortgage loans for its own account or for the account of another party, including any holders of mortgage-backed securities (each such other party, an "investor"). http://www.financialstability.gov/do...0Agreement.PDF __________________ http://www.loansafe.org/forum/avatar...ine=1200762834 __________________ Keep Fighting! Evan Bedard LoanSafe.org Support Team Please donate via paypal to LoanSafe.org to help keep this forum going The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Here.

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