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Countrywide Home Loans - Tell Us Your Countrywide Story Due to the OVERWHELMING amount of Countrywide Home Loan stories, issues and problems, we at Loan Safe thought it would be best to have an entire forum dedicated to tracking what Countrywide is doing to HELP struggling homeowners and how they are treating their customers. Good or bad, let your voice be heard and your story be known.

This is a discussion on New Countrywide programs within the Countrywide Home Loans - Tell Us Your Countrywide Story forums, part of the Stop Foreclosure and Tell Us Your Story category; I just had a quick question. Upon calling Countrywide today i was told I do not qualify for the Home ...

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  #1 (permalink)   IP: 99.51.2.138
Old 11-18-2008, 12:34 PM
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New Countrywide programs

I just had a quick question. Upon calling Countrywide today i was told I do not qualify for the Home Retention plan going out on Dec. 1st. But that my account is flagged that I might qualify for the program rolling out on Dec 15th. The lady told me it was the dot bill that Bush signed and was announced on Nov 11. Does anyone know what she's talking about? I have searched the internet and can not find any info on this plan. I asked her for a web address or something but she couldn't give it to me.
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  #2 (permalink)   IP: 67.177.243.104
Old 11-18-2008, 12:48 PM
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Re: New Countrywide programs

Did your loan mod go through?
Are you in default 60+ days?
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Old 11-18-2008, 12:50 PM
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Re: New Countrywide programs

I received a loan mod back in April 08. I am not late 60 days yet. I actually just paid Octobers payment today. Now I am just behind Nov. I did ask if I shouldn't pay and wait but they suggested that I pay Oct and then see what happens on Dec 15.
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Old 11-18-2008, 12:56 PM
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Re: New Countrywide programs

The newest program that was announced was for FannieMae/FreddieMac backed loans and I believe it was starting on Dec. 15th....but they were looking at loans that were 90+ days in default.....so you may want to ask if this is what they are referring to...........
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Old 11-18-2008, 01:17 PM
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Re: New Countrywide programs

I can't find info on that either. so basically trying to be as responsible as I can and paying October might have cost me this program.
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Old 11-18-2008, 01:24 PM
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Re: New Countrywide programs

I finally found it Streamlined Modification Program: The New Homeowner Bailout From Fannie Mae And Freddie Mac so pretty much I ruined my chance by paying Octobers mortgage. But is Countrywide with Fannie Mae and Freddie Mac? It says it's only handeling those loans. So how would the almight "computer screen" show that I am a candidate?
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Old 11-18-2008, 01:41 PM
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Re: New Countrywide programs

It isn't the point of being with them.................FannieMae and FreddieMac are investors on the secondary market and they back a very large portion of servicers loans like CW.............
See if Countrywide will tell you if your investor is one of them............they are not at liberty to.......but once in a while you will get someone that will tell you.
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Old 11-19-2008, 04:26 PM
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Re: New Countrywide programs

I was told the same today about the DODD bill. it is DODD not DOT.
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