Loan origination date questions....PLEASE HELP!!

[miserable1]

I was trying to get into the Making Homes Affordable program with B of A. It was my understanding that my loan had to originate before January 1st of 2009 to qualify. I went through the whole questioning process only to find out I don't qualify. The reason is....When I purchased my home in Oct of 2008 my loan started with Franklin Capital. Franklin sold it to Countrywide in March of 2009. I feel like I SHOULD qualify because my loan WAS done before Jan 2009.
Has anyone else ran into this. Are there any loopholes or people that will help out there?
Pleas elet me know.


THANKS!!!!!

[hope67]

Originally Posted by miserable1

I was trying to get into the Making Homes Affordable program with B of A. It was my understanding that my loan had to originate before January 1st of 2009 to qualify. I went through the whole questioning process only to find out I don't qualify. The reason is....When I purchased my home in Oct of 2008 my loan started with Franklin Capital. Franklin sold it to Countrywide in March of 2009. I feel like I SHOULD qualify because my loan WAS done before Jan 2009.
Has anyone else ran into this. Are there any loopholes or people that will help out there?
Pleas elet me know.


THANKS!!!!!

You obtained your loan in October 2008, IMO, you should qualify regardless of whether or not it was sold at a later date!!
Did they rewrite the loan? Did you have to sign new documents in March of 2009?

[sahm2two]

Yes, you should qualify! What they did with selling off should have nothing to do with when your purchased your home aka your home origination loan date!!!!

[BadBobMo]

Key word "originate" your good to go!!

[caldwellb02]

Oh yes you qualify. Oh yes. they may sell your loan to ten different companies but the date it originated is the date YOU got the loan. You are definitely definitly qualifed in that respect!

[miserable1]

I feel the same way. I only signed docs in October. No other time. The guy at B of A wouldn't even reason. He just kept repeating himself. Is there someone else I should talk to. It seems like a chore to reach anyone.
Thanks for all your help everyone!

[hope67]

Originally Posted by miserable1

I feel the same way. I only signed docs in October. No other time. The guy at B of A wouldn't even reason. He just kept repeating himself. Is there someone else I should talk to. It seems like a chore to reach anyone.
Thanks for all your help everyone!

Contact the office of the president of BOA..you will find contact info in this thread:

Office of the President - Please post your contacts!