Author Topic: Direct dealings with Fannie Mae?  (Read 2742 times)

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erikd75

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Direct dealings with Fannie Mae?
« on: February 20, 2012 06:22:35 PM »
Has anyone had expereince (good or bad) seeking a mortgage loan modification directly from Fannie Mae?

Our efforts with the loan servicer were futile, so we are trying to go directly for help.

We spoke with a rep in their PA office and were told the first step was to request a "borrower packet". However, they have been delayed in getting this information to us.

Thank you
« Last Edit: February 20, 2012 06:40:12 PM by erikd75 »

Admin4184

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Re: Direct dealings with Fannie Mae?
« Reply #1 on: February 20, 2012 06:25:27 PM »
Paragraph breaks allow the reader to take a breath.

They will result in more and better responses, as well.

The path to success in dealing with lenders and creditors of all types is paved by learning to communicate well.

It's an expectation at Debtorboards.

montag

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Re: Direct dealings with Fannie Mae?
« Reply #2 on: February 27, 2012 08:32:55 PM »
I don't know anyone who actually received a mortgage modification.  Everyone I know who was foreclosed had tried.

erikd75

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Re: Direct dealings with Fannie Mae?
« Reply #3 on: March 21, 2012 08:01:19 PM »
As an update, I am not getting many workout options from Fannie Mae.

If we complie and send in mountains of paperwork, we could possibly see a slight rate reduction.

Not the real workout solution needed though.

Anyone else get past this point with them?

Thank you.

adb0rg

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Re: Direct dealings with Fannie Mae?
« Reply #4 on: April 22, 2012 08:03:12 AM »
Be careful about assuming that you're dealing directly with Fannie Mae. I thought I did. All the paper work was saying it's from Fannie Mae, and then I found out it was my servicer that made all the decisions anyway. And they (board censored my word, and it wasn't F word either) me royally!

erikd75

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Re: Direct dealings with Fannie Mae?
« Reply #5 on: April 25, 2012 05:31:33 PM »
Thanks adb0rg.

Please don't think I am prying, but I am guessing they did not grant any real type of modification for you?

adb0rg

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Re: Direct dealings with Fannie Mae?
« Reply #6 on: May 03, 2012 12:56:14 PM »
Thanks adb0rg.

Please don't think I am prying, but I am guessing they did not grant any real type of modification for you?

They lowered my percentage by 2 points and then upped the amount of years remaining from 23 to 40! Isn't that 'awesome'

neckdragged

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Re: Direct dealings with Fannie Mae?
« Reply #7 on: May 03, 2012 01:57:07 PM »
I'm new, but my sister ended up losing her home trying it.
Someone told her she should have just filed chapter 13.

erikd75

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Re: Direct dealings with Fannie Mae?
« Reply #8 on: May 04, 2012 05:51:25 PM »
Thanks Adb0rg and Neckdragged,

Exactly what Fannie Mae is offering, drop rate a little and add on years. Solution that does not help but must look good in the statistics reported.

I filed CH 7 was looking at filing Ch 13 follow up but was told the Judge would not be able to modify terms of mortgage.