Debt Negotiation Zone » government loan modification http://debtnegotiationzone.com Debt Negotiation Fri, 19 Aug 2011 22:59:35 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 What Does H4H stand for? http://debtnegotiationzone.com/what-does-h4h-stand-for/ http://debtnegotiationzone.com/what-does-h4h-stand-for/#comments Sat, 14 Feb 2009 20:53:17 +0000 admin http://debtnegotiationzone.com/?p=521 H4H stands for Hope for Homeowners.  This program was created by Congress to help those at risk of foreclosure and losing their homes.  It makes refinance options available that would not be available under conventional loan guidelines.  The program is effective until September 30, 2011.

How Does H4H work?

If you are having problems meeting your monthly mortgage obligation, Hope for Homeowners may be able to assist you by refinancing your current mortgage into 30 or 40 year options to lower your monthly mortgage payment.

]]> http://debtnegotiationzone.com/what-does-h4h-stand-for/feed/ 0 IndyMac seeks to rewrite their entire loan portfolio – loan modification http://debtnegotiationzone.com/indymac-seeks-to-rewrite-their-entire-loan-portfolio-loan-modification/ http://debtnegotiationzone.com/indymac-seeks-to-rewrite-their-entire-loan-portfolio-loan-modification/#comments Mon, 02 Feb 2009 16:48:37 +0000 admin http://debtnegotiationzone.com/?p=516 IndyMac Federal Bank will start a new program to systematically modify bad mortgages with a loan modification.

What Loans Are Eligible For Mortgage Modification With IndyMac?

The streamline loan mods will be available for borrowers who have a first mortgage that is owned or serviced by IndyMac that are seriously in default and are facing foreclosure.  IndyMac will work with owners show are unable to make their mortgage payment because of a reset or change due to an arm mortgage reseting. As with all loan modifications, to be eligible you must be able to demonstrate an ability to make your mortgage payment at the adjusted level.  If you have no income or not enough income you will most likely not be eligible for a loan modification.

IndyMac is not the only lender that is doing mortgage loan modification.  Some of the other banks like Countrywide, Wells Fargo, Washington Mutual, Hsbc and others are doing loan modifications to help their customers stay out of foreclosure.

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