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Friday, February 20, 2009

Hope Now Information

"Dear MortgageMaster,

What is FED/MOD?

Melva

Melva,

I am assuming a Fed/Med is a federal loan modification. I am also assuming you either heard someone talking about it or you were solicited using this term. Either way, it is probably referring to the federal loan modification program, Hope Now. This is taken directly from FHA's site, including contact number:


HOPE NOW
HOPE NOW is an alliance between counselors, servicers, investors, and other mortgage market participants. This alliance maximizes outreach efforts to homeowners in distress to help them stay in their homes. Its purpose is to reach and support as many homeowners as possible. The members of this alliance recognize that by working together, they will be more effective than by working independently.
Are you having trouble paying your mortgage? Call the Homeowner’s HOPE™ Hotline: 1.888.995.HOPE or go to their website at www.hopenow.com. Do it today!
Good luck!

MortgageMaster

Posted by MortgageMaster at 4:35 AM 0 comments

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