Countrywide and the Obama Federal Mortgage Loan Modification Plan

March 27, 2010 by · Leave a Comment
Filed under: Mortgage 

The nation is facing a lot of hardship with the economy right now. Because of this, the Obama administration has implemented a countrywide Federal Mortgage Loan Modification plan. For consumers who are being threatened with the foreclosure of their homes, this plan would be an excellent way to secure a new mortgage rate and a new interest rate. These new rates are designed to keep people in their homes and lower their monthly payments. However, there are stipulations that you must pass before you can qualify for this program.
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