Borrowers frustrated by unfulfilled promises of mortgage aid program

Terry and Marilyn Wallace of Antioch pinned their hopes to save their home on the federal government’s Making Home Affordable Program. Now, they wish they hadn’t.

“It’s a farce,” said Terry Wallace, who spent more than a year faxing documents to his bank, hoping to get approval for a loan modification. The couple said the bank finally told them in April they didn’t qualify because they hadn’t submitted all their documents.

“The whole thing was nothing but a farce,” Wallace said.

Read more from the Tennessan

Related News

  • No Related Post

Leave a comment

Leave a Reply

Useful Information

Mortgage Calculators, Auto Loan Calculators, Personal Finance Calculators, Student Loan Calculators, Loan Modification, Loan Articles, Loan News