The White House has focused less on addressing the structural flaws of this program — which we feel have made a host of “unintended consequences” — and more on prodding lenders and servicers to step up their game. … More than twenty percent of homeowners have submitted no paperwork at all
Read the original:
Loan Mods: Submit ALL Your Paperwork! | HSH Financial News Blog
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I would even go so far as (if your income REMAINS THE SAME OR IS LESS), to re-submit ALL of your documents, crossing out the old date, initial, re-sign and re-date everything, and include the latest proof of income(s), (at least the last 2 pay ..... I was just granted a modification, paperwork is in hand, but I'm modifying from a 30 year fixed 6.2% rate loan to the new offer: 60 years, 4.2, adjustable. My monthly mortgage reduction is 200. Should I take the offer or not? ...