Mortgage modification programs
Countrywide Home Loans
Corporate 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.

Promoted Stories