The CitiMortgage Loan Modification Program is similar to the FHFA and IndyMac Programs, but uses a 40% debt-to-income affordability criteria. Their program has a foreclosure moratorium feature and a mortgage prevention feature, which most programs don’t have.
Articles Tagged ‘mortgages’
New Loan Modification Program:
Chase, WaMu and EMC Mortgages
New loan modification programs for Chase, Washington Mutual (WaMu), and EMC Mortgage were announced on 10/31/2008. A 90 day foreclosure moratorium for owner-occupied properties is in place until the program plan is implemented.