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OK, sounds good. Thanks again!

OK just one more question, I think! So I think I can do the repayment plan if I have to. I’m wondering if there is any penalty, i.e. them not letting me if I first try for the deferment and then if that doesn’t work the modification and if that doesn’t work tell them I will do the repayment...

Thanks again!

I have another question, do you know if loan servicers are using different criteria for qualifying for a modification due to Covid? My servicer at one point told me that it would be considered a disaster and therefore an easier process. But I think that was when they thought I had a federally...

OK, thank you!

I’m a hair stylist and was laid off for 9 weeks during my state’s shutdown in March 2020. I also lost significant income even when my salon opened as people were scared to come in. I got a forbearance for both my mortgage and home equity loan. The mortgage is federally backed so I was able to...

I’m not sure if this is where I should post this but here goes. I had to ask for a forbearance for both my home loan and my home equity loan. When my forbearance with my bank was getting ready to end they gave me the option to put the missed payments on the back end of the loan. That was a...

FHFA! It was part of the cares act, I believe. But your learn would have to be owned by either Freddie or Fannie. But even a lot of private lenders are offering this option. I’m really surprised that your bank isn’t. I hope they cooperate with you and do some thing for you that will help. Good luck

It was the determination by the government Agency for housing. I cannot remember for the life of me what their acronym is right now. I will Google it and post a link, but basically because of coronavirus and people losing work due to no fault of their own whatever this agency is called made it...

Thanks for posting this article!

If you were current at the time that you asked for the forbearance s you should be able to put your missed payments on the back end of the loan.

Will your bank not let you put the missed payments on the back end of the loan? Also there is now a moratorium on foreclosures through or at least until June. Can’t remember if it’s through or until.

Check this out. I don’t know how they’ll enforce it, but this is encouraging. It gives options. https://www.fhfa.gov/mobile/Pages/public-affairs-detail.aspx?PageName=No-Lump-Sum-Required-at-the-End-of-Forbearance-says-FHFAs-Calabria.aspx

Is your loan not federally backed? Do you know if Fannie Mae or Freddie Mac own it?