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Question
Does a morgage company have to comply with the Making Home Affordable program? Does a mortgage company have to help you if you have fallen behind in your mortgage payments. According to the Making homes affordable for FHA loans they do, but the bank won't help us, is there something we need to ask for specifically.
By DOGSITTER Posted on 08/03/09 Total Answers 2
Answers-
I don't believe they have to participate. And incidentally, have mortgage companies ever complied with anything? LOL
Answer by : John On Date 2009-08-03 18:34:59

Do you meet the criteria for a modification? Usual problem is even if the rate is lowered or the term lengthened the person wanting the modification still does not have the amount of income to cover the new payment or is saddled with too much other debt to make the payment. SO it would be a waste of time and money
Answer by : Pengy On Date 2009-08-04 14:22:46

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