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    Coronavirus Mortgage and Real Estate Crisis of 2020

    MR COOPER just posted a new video regarding help for those MR COOPER customers during the COVID-19 Epidemic. However, they gloss over us non-Government backed mortgages!
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    Coronavirus Mortgage and Real Estate Crisis of 2020

    Please feel free to expand on this thought...
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    Coronavirus Mortgage and Real Estate Crisis of 2020

    Thank you OHM. I'm wondering though, if this rate increase isn't based upon the current interest rates. If so, that would be a good thing for me. I really don't know the full details though. I do not think it will return to a adjustable rate. That would be insane. Especially with my...
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    Coronavirus Mortgage and Real Estate Crisis of 2020

    Moe, good morning. Do you think if you added a new thread on "H.R.6515 - Rent and Mortgage Cancellation Act of 2020 - To suspend obligations of residential renters and mortgagors to make payments during the COVID-19 emergency, and for other purposes"...
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    Coronavirus Mortgage and Real Estate Crisis of 2020

    anna17, thank you for sharing this information. So sorry to hear about your father's passing. I am shocked at your monthly mortgage amount. I guess you have a Interest Only mortgage? This is what I initially had for all of those years and it was scary. I was in foreclosure before I was able...
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    Coronavirus Mortgage and Real Estate Crisis of 2020

    anna17! Thank you so much for shedding light on these crap loans. I was finally able to get it "modified" in 2015 and have until 08.2020 to get a whopping $5000 discount if I don't miss any payments! Wow...$5000 discount when I probably have more than that in junk and other hidden fees. I...
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    Coronovirus Mortgage and Real Estate Crisis of 2020- NOT !

    Force Majeure is a wonderful concept, but are there any REAL LIFE case law examples that set a precedent that we can follow while us shrimps take the beating while the whales battle? Who knows? If we are mandated by law to stay home and we have a job that cannot be done from home, is it our...
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    Coronavirus Mortgage and Real Estate Crisis of 2020

    Well, received my "STIM" payment and about 98% of it went to my $3200 mortgage payment! Not sure about next month. If I can help it I do not want to fall behind because I will be severely punished by MR POOPER and company. Like you said, if I am in a HAMP and miss three continuous payments...
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    Coronavirus Mortgage and Real Estate Crisis of 2020

    Thanks LIITX...It's crazy now with my work volume dropping drastically, but MR POOPER still wants me to pay and I will do my best to pay my monthly payment. But, it also angers me when they tell me I cannot get a modification. I haven't missed a payment for almost 5 years and they treat me...
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    Coronavirus Mortgage and Real Estate Crisis of 2020

    How can the CDC or WHO still use the terms: Hong Kong FLU or SPANISH INFLUENZA and not also be considered racist? Ridiculous. Would probably be more PC to call it the WUHAN FLU IMHO.
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    Coronavirus Mortgage and Real Estate Crisis of 2020

    Of course, I have been in a securities backed loan since 2005. Started off as a INT ONLY with COUNTRYWIDE then sold to BOA, then serviced by several Servicers. Was lucky - I guess to get a HAMP MOD in 2015. In 2020 I'm supposed to get a "bonus" of $5000 for not missing any payments - which I...
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