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What are some of the federal plans involving mortgage modification by lenders?
Wiki User
∙ 14y ago
There are a couple of different federal mortgage plans including the Making Home Affordable Program and the Home Affordable Foreclosure Alternatives Program. The Making Home Affordable Program helps you to modify or refinance your mortgage so that you will be better able to afford your monthly mortgage payment. The Home Affordable Foreclosure Alternatives Program, however, is geared more toward those homeowners who are ready to get out from under their mortgage through a short sale or perhaps a deed-in-lieu of foreclosure. You can learn more about these programs online at the federal Making Home Affordable website (http://makinghomeaffordable.gov/).
Wiki User
∙ 14y ago
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Can you do a loan modification if you are not working?
In order to get a loan modification you need to have a job. Lenders will have difficulty agreeing to any kind of reduction in your mortgage if you are unable to make payments.
What are the types of federal mortgage loans?
Not sure what you mean by "federal mortgage loans," but two possibilities are: Veterans Administration (VA) loans that are made by local lenders/mortgage companies and guaranteed by the federal government; and Federal Housing Administration (FHA) loans that are made by local lenders/mortgage companies and insured by the federal government. Also, the USDA offers subsidized loans to farmers and low-income homeowners in rural areas. Other possibilities are Federal National Mortgage Association (FannieMae) and Federal Home Loan Mortgage Corporation (FreddieMac). They are considered Government-sponsored Enterprises. They purchase mortgage loans that are made by local lenders/mortgage companies.
Under what symbol did the Mortgage Lender trade under?
There are many mortgage lenders that traded under symbols. Most mortgage lenders needed to be honest and thus, had to trade under the Federal Trade Commission.
What are some good rated FHA mortgage lenders?
Mortgage lenders that operate through the Federal Housing Administration (FHA) can vary in quality and effectiveness. Among the best of these include Chase Mortgage, Bank of America, and Wells Fargo.
Where can one find information on FHA mortgage lenders?
The Federal Housing Administration has publications and websites with detailed information about mortgage lenders, requirements, and rates. There are different programs which vary from state to state.
What does the feral national mortgage association do?
The Federal National Mortgage association expand the secondary mortgage market and make mortgages secure. The allow lenders to invest their assets into more lending ventures.
Where can one find information regarding adverse mortgage lenders?
One can find information regarding adverse mortgage lenders through the Council of Mortgage Lenders. One may also find this type of information in a newspaper or a mortgage magazine.
Where can you get mortgages from?
A mortgage can be acquired through lenders and banks that allows individuals to get such mortgage provided they qualify for the requirements lenders / banks are looking for people applying for a mortgage.
Do mortgage lenders consider rental history?
yes mortgage lenders do consider rental history source of your credit score
Where can one find a listing of mortgage lenders in CA?
The Zillow website offers a listing of mortgage lenders in California. Some of these mortgage lenders are: National Bank of KC, New American Funding, First Financial Services.
How can you find mortgage lenders in California?
One can find mortgage lenders in California at Bank of America, Innerwork Mortgage, Allied Equity, and many others who are listed on the California Mortgage Lender Directory.
How does Wells Fargo handle a default on mortgage?
Mortgage lenders foreclose when there is a default on a mortgage.
