PNC Mortgage, A division of PNC Bank, N.A. / Homeowners Assitance

[LoanModHelpCenter.com]

Wanted to check to see if anyone else is having trouble with PNC Mortgage?

We have a borrower in Texas who was denied for HAMP back in October because PNC Mortgage used all of the income on the original loan application and/or the income for the co-borrower that had just ended.

Borrower re-applied in December and showed the material change in circumstance and PNC Mortgage lost their paperwork and did not put them into review and violated HAMP guidelines.

Borrowers, with the help of loanmodhelpcenter.com were able to re-apply for the Freddie Mac Standard Modification and were denied the ability to re-apply for HAMP because of what PNC says "true fail" back in October using income that was not present.

Borrowers, receive new modification at 35% of gross income a week from the sale date and are told that the home will be sold if they don't accept the mod and pay on it before the sale, despite the documents giving them an additional week.

If anyone else is having this kind of horror story with PNC, please do post and let us know, we are interested in pursuing this on behalf of all PNC mortgage customers.

Borrowers are net present value positive and should have been allowed to re-apply as HAMP Admin in Washington DC confirmed and opened up an escalation.

[pamelajac]

I was just denied by PNC because my home is my primary residence. Under the expanded law PNC said it could not be my primary residence. Can I truthfully decide tomorrow to move out and rent it and reapply? The bank knew I was living in it and I actually thought it would help me get a mod becuase it was my primary residence. However, I do rent it out 8 weeks in the summer for the income. It is in a beach area. Pnc said because of that it was a "mixed use" property. They knew because I told them I would do what ever I needed to qualify for the hamp. Instead of denying me, why didn't they tell me I could qualify if I move out?? I had to read about it later.