#$&% -201rd Official Hard at Work Thread $%$(.)(.)
Joined: May 2004
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From: VA
Originally Posted by FF2Skip,Apr 10 2009, 07:56 AM
I don't qualify on any level. My mortgage is VA-backed.
SkipPulled this from the FAQ pdf on the site I know it doesn't help now, but it looks as though they are "supposedly" working on it. But they also state that they are using a different program
19.
I have an FHA loan. Can it be modified under the making Home Affordable Program? Are all loans eligible?
Most conventional loans including prime, subprime and adjustable loans, loans owned by Fannie Mae, Freddie Mac and private lenders and most loans in mortgage backed securities are eligible for a Home Affordable Modification. The Administration is working with the Congress to enact legislation that will allow FHA and VA to offer modifications consistent with Making Home Affordable in the near future. Currently loans insured or guaranteed by these agencies are being modified under other programs that also enable borrowers to retain homeownership.
I have an FHA loan. Can it be modified under the making Home Affordable Program? Are all loans eligible?
Most conventional loans including prime, subprime and adjustable loans, loans owned by Fannie Mae, Freddie Mac and private lenders and most loans in mortgage backed securities are eligible for a Home Affordable Modification. The Administration is working with the Congress to enact legislation that will allow FHA and VA to offer modifications consistent with Making Home Affordable in the near future. Currently loans insured or guaranteed by these agencies are being modified under other programs that also enable borrowers to retain homeownership.
Joined: May 2004
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From: VA
But this doesn't make any since, if you read the quote above. Unless things have changed already.
Pulled from the homeloans.va.gov site
[QUOTE] Act now to get the help you need through the Making Home Affordable Program. This part of the President
Pulled from the homeloans.va.gov site
[QUOTE] Act now to get the help you need through the Making Home Affordable Program. This part of the President
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From: Charleston, SC. \>
Originally Posted by FF2Skip,Apr 10 2009, 08:25 AM
It's all 
Heaven help you if you actually are responsible. 
Oh well, 5.5% is still a good rate. I just don't see how it's fair to exclude folks like me from getting even lower rates.
Heaven help you if you actually are responsible. Oh well, 5.5% is still a good rate. I just don't see how it's fair to exclude folks like me from getting even lower rates.
think of it like a tax. If you have the money and are responsible then you get to pay more.
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Joined: Aug 2002
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From: Lewisville, TX
Originally Posted by Gigdy,Apr 10 2009, 08:28 AM
think of it like a tax. If you have the money and are responsible then you get to pay more.
's today
