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What are the qualifications for Obamas Loan Modification Program?

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April 21 2009 - US
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Take a look at this LA Times article about a FICO-administered website that can help you determine your eligibility for modification.
http://www.latimes.com/classified/realestate/news/la-fi-lew10-2009may10,0,7665525.story
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June 03 2009
Check here:

http://www.makinghomeaffordable.gov/modification_eligibility.html
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April 22 2009
Best way to find out if your qualified is to call the bank your mortgage is with.  Call a local branch and ask.  At Countrywide we are putting the loan numbers into a system that then tells us if the borrower is eligible. Call your bank, it could be worth it.  Botom line ;loan to value on the first needs to be under 105% and the note needs to be owned by Fannie Mae or Freddie Mac.  There are other guidelines but call your mortgage company.
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April 21 2009
 
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