St Louis Mortgage: No Loan Modifications For Unemployed

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-mortga... St Louis Mortgage and Real Estate News – St Louis Loan Audit and Finance News: No Loan Modification Programs For The Jobless | Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia On November 1, 2010, new guidelines released by Fannie Mae will mean that unemployed homeowners cannot count jobless benefits as income when applying for mortgage loan modification programs on loans backed by Fannie Mae. “We don’t want to set up borrowers to fail,” said Amy Bonitatibus, Fannie Mae spokeswoman. Fannie Mae’s announcement broadens a ban already put in place from...