home affordable loan modification program: Wells Fargo Mortgage Modification or Refinance with Obama's Plan-What's the Difference - 04/25/09 10:37 AM
Struggling Wells Fargo borrowers have two options to get a lower mortgage payment using the federal Home Affordable plan. The lender has been approved to offer both options to it's clients, and has begun accepting applications. This new Obama program features a refinance plan and also a loan modification plan. How do these programs work and which one is right for your situation? Here are the basics to help you get started.
The Wells Fargo Home Affordable Refinance Plan (HARP) is targeted at homeowners who are not delinquent on their loans, but have been unable to take advantage of the low … (2 comments)
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home affordable loan modification program: Home Affordable Loan Modification Help-6 Lenders Approved-Is Your Bank One of them? - 04/21/09 07:46 PM
Struggling homeowners who have been frustrated trying to get a loan modification may finally be given a life line with the Home Affordable program. This federally funded plan offers an aggressive and streamlined method of reducing mortgage payments to an affordable amount. Since it's announcement in March, the Treasury Department has been working to sign on lenders and servicers to participate. The lenders must be approved to offer the program to their clients. Six lenders have already finalized their agreements and can now begin getting the incentive payments from the Feds that make this program so enticing.
What does all this mean to you … (0 comments)
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home affordable loan modification program: Countrywide Extends Foreclosure Moratorium - 04/21/09 06:48 PM
Countrywide Bank has announced an extension to a foreclosure moratorium until April 30, 2009. The lender is in the process of getting approved to offer the Treasury Department's loan modification plan, Home Affordable. Once Countrywide finalizes their agreement, they will be able to offer this federally subsidized plan to its borrowers. In the meantime, they are holding off on foreclosures to give homeowners a chance to apply for help.
Countrywide is expected to finalize their approval with the Feds in the next couple of weeks, and will then be able to participate in the incentives provided by the Treasury Department for … (0 comments)
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