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"The median monthly payment reduction for borrowers enrolled in
the (HAMP) program is $522" - DSnews.com

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Underwriting Guidelines are Becoming More Lenient


Lenders are slowly starting to be more lenient on their underwriting guidelines with homeowners and businesses. Nevertheless, lenders especially at small banks are still very strict with prime loans and home equity lines of credit. Many loan officers are predicting that underwriting guidelines are going to be very tight until at least 2012 due to the financial crisis that everyone is experiencing.  Capital Economics which is a research firm found that many banks are hesitant to lend money and many borrowers are unsure   to borrower any money from the banks. Therefore, our economy will continue to fall further behind within this credit crunch.

If you are having trouble qualifying for a new mortgage and are in need of a loan modification please fill out the form on this website or call 866-437-9061.