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The Fed made no move at its September meeting, but you'll want to read what the Fed said about future policy and implications for mortgage rates.

The Fed made no move at its September meeting, but you'll want to read what the Fed said about future policy and implications for mortgage rates.

Can you recommend a company specializing in mortgage modifications?

Keith Gumbinger

No, we're not in a position to do that. You should know that "loan mod scammers" are everywhere; before you consider even talking to one you should read this advisory from the FTC: https://consumer.ftc.gov/articles/mortgage-relief-scams.

After that, why not check out the information available from Fannie Mae --
https://yourhome.fanniemae.com/get-relief -- which will help guide you through the process, including ways to get in touch with HUD-backed housing counselors who can help.

Also, while the Making Home Affordable programs have long since expired, your can still learn about them and how they helped troubled homeowners at https://home.treasury.gov/data/troubled-assets-relief-program/housing.

To see what kind of help might be available to you and how to go about getting it, have a read though Mortgage Modification Now: What's Available Today?

Ask the expert
Keith Gumbinger
Keith Gumbinger
Mortgage Expert
Vice President, HSH.com
About Keith: Mortgage market observer and analyst with 35 years experience... (more)
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Q: What does the term ‘conforming’ mean?
SEP 21, 2023
A:

Simply put, a "conforming" mortgage "conforms" to a set of standards so that the loan can be eligible to be sold to Fannie Mae or Freddie Mac.

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Q: Can you recommend a company specializing in mortgage modifications?
AUG 29, 2023
A:

No, we're not in a position to do that, but you should be careful when reviewing offers that haven't come from your mortgage servicer.

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Q: How are mortgage interest rates determined?
APR 25, 2023
A:

Mortgage rates fluctuate from day to day, depending on a number of factors related to the economy and to choices made by investors. While some mortgage money comes from deposits held by banks and credit unions, most of the funds for borrowers come from investors in capital markets.

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