Alan Barker's Library tagged "loan modification" → View Popular

22 Jun 09

Making Home Affordable Progarm may Now Work for people with more negative equity.

Bloomberg is reporting that Washington may change the terms somewhat. Presently a first mortgage has to be no more than 105% of the market value of the home to qualify for a modification. Now the loans being modified may be as high 125% of the home’s value and still qualify for a lower interest rate.

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