Mortgage modification programsCountrywide Home LoansCorporate owner: Bank of America.Department:Home Retention Division.Contact:Call the customer service telephone number on your loan statement. Call (800) 669-6607. Web site: www.homebycountrywide.com.Noted qualifications:Proven financial hardship.Target debt-to-income (DTI) ratio: 34 percent.Options:Temporary forbearance. Repayment plan for missed payments. Interest rate reduction. Extension of loan term. Re-amortization of loan balance. Foreclosure stay. Refinancing. Short sale. Deed in lieu of foreclosure. What these terms mean.Letters: Letters are being sent to borrowers who are 60 days delinquent or who are deemed likely to become delinquent based on a computer model that crunches the borrower's credit score, payment history, debt-to-income ratio, home value, interest rate reset and other factors. If you don't get a letter, that doesn't necessarily mean you won't qualify.Learn more about obtaining mortgage modification help. advertisementRelated Links:See home values in your stateNew appraisal may save second-home dreamMortgage rates climb for third weekRelated Articles:Finding the right lender Pick fixed rate or ARM? Subprime mortgages
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