I just received a call from my Home Preservation Specialist. He says my Modification was denied in Underwriting due to "no hardship". I have a Fannie Mae backed loan previously received HAMP and have paid every month on time for over 4 years. Interest rate due to step up in months, so I am looking for a fixed rate. Does anyone have advice on what to focus on in my appeal via Hardship Letter? My AGI is $30K, have two minor children, which puts me at 150 percent of the Federal Poverty Level.
My specialist told me that I can appeal and that some of his customers have won their appeals. I'd like to improve my chances of success by hearing from others who have won.