Yes, there may be help on the way for homeowners who are current with their mortgage but may need loan modification so they don’t fall behind on their mortgage. All of the other assistance has been for homeowners who have already fallen behind on their mortgage which lead to some homeowners deliberately falling behind so they can get some help. Hopefully, that won’t have to happen if the negotiation that the federal government is now conducting with five of the country’s largest mortgage companies to develop a plan to allow homeowners who are underwater to refinance their loans to lower rates.
This would help everyone – those who are current and those who have fallen behind. Click the link below to read the whole story.