X

The Fed didn't make a move at the March meeting, but what the Fed had to say about future policy has implications for mortgage rates.

The Fed didn't make a move at the March meeting, but what the Fed had to say about future policy has 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)
Please enter a question.
Please enter name.
Please enter email.
Captcha code invalid
Q: How do I find out who owns my mortgage?
FEB 20, 2024
A:

The owner of the loan is most often the "investor" -- the entity who put up the actual funds to make your mortgage happen.

Read More
Q: What loan amount does a mortgage need to be for it to be considered a Jumbo Loan?
NOV 28, 2023
A:

This question used to have a simple answer, since there was a "bright line" definition -- the conforming loan limit....

Read More
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.

Read More
Add to Homescreen?
X
X
Install this web app on your phone :tap and then Add to homescreen