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    Coronavirus Mortgage and Real Estate Crisis of 2020

    Yep, you guessed it. I initially had an interest-only mortgage. I knew exactly what I was getting into,, and I actually had a good reason for a "pick your payment" mortgage back then. It's a long story, so I won't bore you with it. But the plan was to refinance way before the interest-only...
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    Coronavirus Mortgage and Real Estate Crisis of 2020

    Hi NewbieFed - Well, I've essentially done nothing, but I've managed to tough it out. In 2017, my payment went from 2200 to 4400. The original plan was to refinance well before the payment went up, but life threw unexpected twists at me, and I was not able to. I couldn't pay it, really couldn't...
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    Coronavirus Mortgage and Real Estate Crisis of 2020

    NewbieFed, I also have a securitized loan serviced by Mr. Cooper. Let me tell you something -- if your loan was securitized in the ancient days of 2005, NO ONE is getting a dime out of it. By now, any companies that invested in these things have all filed (and generally won) lawsuits against...
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