www.makinghomeaffordable.gov
The next step is to gather the information you will need when you speak to a housing counselor or the servicer of your mortgage. [...] After you have this information, you should call your mortgage servicer and ask to be considered for a Home Affordable Modification. [1]
Many homeowners pay their mortgages on time but are not able to refinance to take advantage of today’s lower mortgage rates perhaps due to a decrease in the value of their home. [2]
If you can no longer afford to make your monthly loan payments, you may qualify for a loan modification to make your monthly mortgage payment more affordable. [3]
In launching his Homeowner Affordability and Stability Plan, he has helped bring mortgage rates down to historic lows; provided a mechanism for homeowners whose house values have fallen below their loan balances to refinance into affordable mortgages; and created a way for those with at-risk loans to get their mortgages altered and their monthly mortgage payments lowered. [4]
Based on your answers to the modification eligibility questions, you may qualify for a Home Affordable Modification. [1]
The Obama Administration has launched a coordinated effort across federal and state government and the private sector to target mortgage loan modification fraud and foreclosure rescue scams that threaten to hurt American homeowners and prevent them from getting the help they need during these challenging times. [...] A critical piece of that effort is Making Home Affordable, a plan to stabilize our housing market and help up to 7 to 9 million Americans reduce their monthly mortgage payments to more affordable levels. [5]
If your mortgage loan is owned by Fannie Mae or Freddie Mac, you may be eligible for a Home Affordable Refinance to take advantage of lower interest rates. [6]
The Home Affordable Refinance Program gives up to 4 to 5 million homeowners with loans owned or guaranteed by Fannie Mae or Freddie Mac an opportunity to refinance into more affordable monthly payments. [5]
> Beware of Foreclosure Rescue Scams - Help Is Free!! [2]
If you visit the MakingHomeAffordable.Gov web site to read or download information, we collect and store only the following information about you: the name of the domain from which you access the Internet; the date and time you access our site; and the Internet address of the web site from which you linked directly to our site. [7]
For American homeowners, this means that fraudulent companies will be shut down more quickly; companies that otherwise would have gone unnoticed will be identified and investigated; and the government’s ability to identify and prosecute anyone involved in mortgage rescue scams will be bolstered. [...] In a major step this week, the Department of the Treasury, the Department of Justice, the Department of Housing and Urban Development and the Federal Trade Commission announced a new joint effort that cuts across federal and state governments and the private sector to combat foreclosure rescue scams. [4]
Through this website, borrowers can also connect with free counseling resources to help with outstanding questions; locate homeowner events in their communities; find a handy checklist of key documents and materials to have ready when making that important call to their servicer as well as FAQs from borrowers in similar circumstances; and much more. [5]
Sources:
[1] Making Home Affordable - Home Affordable Modifications
[2] Making Home Affordable
[3] Making Home Affordable - Home Affordable Modifications
[4] Making Home Affordable - Home
[5] Making Home Affordable - About Making Home Affordable
[6] Making Home Affordable - Look Up Your Loan
[7] Making Home Affordable - Privacy Policy