Loan Modification Resources - Short Sale Resources


FDIC Loan Modification Program Information


The FDIC’s Loan Modification Program is primarily based on two principals:
1) Determining a payment the borrower can afford by multiplying the borrower’s gross monthly income times the appropriate housing-to-income (HTI) ratio, less taxes and insurance to achieve a minimum payment reduction of 10 percent, and
2) Protecting investors’ interests by requiring that the cost of the modification is less than the estimated cost of foreclosure (the Net Present Value (NPV) floor).. Read more....



Countrywide Class Action Complaint Document Info:


SUPREME COURT OF THE STATE OF NEW YORK - COUNTY OF NEW YORK
GREENWICH FINANCIAL SERVICES DISTRESSED MORTGAGE FUND 3, LLC
----against---
COUNTRYWIDE FINANCIAL CORPORATION, COUNTRYWIDE HOME
LOANS, INC... Read more....