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Loan Modification

: The Truth About Mortgage.com

Now Borrowers Understate Their Income to Get the Lowest Mortgage Rate

By scot184

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I meant to address this earlier, but was held up with the holidays. AP business writer Rachel Beck wrote a good piece on the lack of permanent loan modifications extended via the Home Affordable Modification Program (HAMP) back on Christmas day. In order for loan modifications to become permanent, borrowers must provide various paperwork, including income documentation, [...]

Full post as published by The Truth About Mortgage.com on January 05, 2010 (boomark / email).

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