Fitch analysis supports Hope Now mortgage revisions

NEW YORK – The recent actions of the Hope Now mortgage lenders’ alliance have “provided some short-term relief to roughly 1 million borrowers by providing a rate modification or an alternative repayment plan,” Fitch Ratings said. The alliance has instituted both a streamlined loan-modification initiative and a 30-day voluntary moratorium on home foreclosures, at the…

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2 COMMENTS

  1. A loan modification is a great alternative to foreclosure. MIZNA (loanmod.com) helped me complete a loan mod with my current lender. HOPE NOW turned me down and there is data to suggest that only 4% of callers actually get to speak to a loan counselor. Of all the companies I researched to help me avoid foreclosure, MIZNA was the most credible and even had various articles written about it in large newspapers. One tip I would give other struggling homeowners looking to modify their loan is that if a loan mod company does not have a mailing address on their contact information page, then I would not do business with them. There are so many scams going on out there that borrowers should be vigilant and not trust every company that has a website. You want to make sure you?re working with real people who care. MIZNA definitely cares about homeowners and they did wonders for me. Check them out at http://www.loanmod.com .

  2. Make sure you carefully check out the mod company and get a Guarantee. Don’t get scammed by these people.

    I used a company called http://www.loanmodassistant.com. They do have a guarantee. They walk you through the whole process and even printed off the needed documentation I needed for GMAC. Id recommend them to everyone. I used coupon code guaranteedmod I don’t know if it still works but it brought my total down to $150 well worth it i’m now saving $570 a month. hope this helps someone