Freddie Mac has a new private channel on YouTube.com, the feature presentation being a short video which shows step-by-step which documents borrowers should have on hand when they call their servicer to discuss potential loan modifications.
The two minute video, entitled, “Stop Foreclosure: Documents Your Lender Needs to Help You,” is available in both English and [...]
Entries Tagged as 'loan restructuring'
Freddie Mac Turns to YouTube With Message on Loan Modification Programs
July 17th, 2009 · 1 Comment · Mortgages, Real Estate
Tags: Freddie Mac·Freddie Mac video·loan modification·loan restructuring·loan workout initiatives·making home affordable program·Mortgage·Refinancing·stop foreclosure
Mortgage Loan Modifications Are Happening!
June 17th, 2009 · 2 Comments · Mortgages, Real Estate
To all the nay sayers who say the new government programs for mortgage loan modifications are useless, I have a success story! A friend just did a successful mortgae loan modification. Her lender had been Countrywide (now Bank of America).
She had not made a payment since September 2008 and had moved out [...]
Tags: 1040s·Countrywide·Hope Now·loan modification·loan restructuring·Making Homes Affordable·Minimum Payments·Tax returns·W-2s
Restructuring Mortgage Programs For Underwater, Subprime and Jumbo Loans
May 28th, 2009 · No Comments · Mortgages
The “Making Homes Affordable” Program introduced by the Obama administration is not limited to Fannie and Freddie Mac loans, also known as conventional or conforming loans . There are actually two sets of loan programs under the Making Homes Affordable (MHA) program. One program is called Home Affordable Refinance, and is for conforming [...]
Tags: conforming·Fannie Mae·Freddie Mac·loan restructuring·Loans·Making Homes Affordable·Mortgage·Refinancing
Lower Your Mortgage Payment without a Loan Restructure
March 17th, 2009 · No Comments · Budgeting, Mortgages
If saving a few dollars a month on your mortgage payment will be the difference between being able to afford your mortgage or not, then why not try and lower your home insurance? You can save hundreds of dollars by shopping around. How would this help your mortgage payment? The cost of your home insurance is buried in your mortgage payment – each payment typically consists of principal, interest, taxes and insurance.
Tags: Deductible·discounts·home insurance·loan restructuring·Mortgage·mortgage payments
