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.