HAMP Income Calculation Worksheet Prepared By: I. Borrower and Property Information Loan Number:___________________________________________________ Borrower Name:__________________________________________________ Income Type: Calculation Method: Borrower: S/E Wage Other YTD Weekly Bi-Wk Semi-Mo Annual Co-Borrower: S/E Wage Other YTD Weekly Bi-Wk Semi-Mo Annual Non-Borrower: S/E Wage Other YTD Weekly Bi-Wk Semi-Mo Annual II. Monthly Income Borrower: Co-Borrower #1 Co-Borrower #2 TOTAL

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Anna Cuevas has hit on a book idea that couldn’t be more timely! No one needs to be reminded of the economic mess we are all facing: inability to continue to pay mortgages and face foreclosure is becoming a topic of conversation and an action far too many are finding real. There is a tendency

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HAMP GUIDANCE ON ADJUSTABLE RATE MORTGAGES Borrowers with adjustable rate mortgage (ARM) loans, including ARM loans that provide for a monthly payment option (e.g., specified minimum payment, interest only payment, 40, 30 and/or 15 year fully amortizing payment) (Pay Option Loans) and interest only ARM loans, that have an interest rate reset scheduled within 120

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The Federal Reserve Discourages Foreclosures Anna Cuevas It took a while—years, in fact—but the Federal Reserve is finally stepping into the foreclosure crisis. In the form of a Federal Reserve paper addressed to the Financial Services Committee of the House of Representatives, Ben Bernanke, Chairman of the Federal Reserve, has issued a public statement against

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Ways to Fight Back When Your HAMP Loan Modification Process Leaving You Feeling Like You’re in a Scene from Twilight By: Anna Cuevas Has the long, complicated HAMP loan modification process left you in the dark, confused or, even worse, without a clue about what’s going on and what’s expected of you? If so, you’re

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Bank of America Introduces Program to Extend Mortgage Protections for Servicemembers Beyond Active Duty CALABASAS, Calif., Mar 10, 2011 (BUSINESS WIRE) – Bank of America today announced programs for its mortgage customers serving in the United States military, improving key benefits for those on active duty and extending mortgage protections for servicemembers beyond active duty.

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Save Your Home for the Holidays: Author Event with Anna Cuevas Author Discussion Come in and meet Anna Cuevas, author of Save Your Home: Without Losing Your Mind Or Your Money, from 1:00-3:00 pm. Anna will host a Q&A event that explains how to play the foreclosure game with your bank — and win! Saturday

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If you lost your home to foreclosure between January 1, 2009 and December 31, 2010 you may be eligible for an Independent foreclosure review. These are the participating lenders: America’s Servicing Co. Aurora Loan Services Bank of America Beneficial Chase Citibank CitiFinancial CitiMortgage Countrywide EMC EverBank/EverHome Mortgage Company GMAC Mortgage HFC HSBC IndyMac Mortgage Services

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Name:        Travis Signup Date: 05/07/11 03:34 PM Eastern Comments: We did end up getting a very good modification with B of A and in a short amount of time. We were diligent with help of your web site actually and very happy and on our way. Thank You!

Bank of America Home Loan Modification Do you qualify for Bank of America National Homeownership Retention Program Bank of America answers frequently asked questions: Am I eligible for the National Homeownership Retention Program? Principal forgiveness can help qualified homeowners who are past due and underwater Bank of America has implemented an earned principal forgiveness approach

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A powerful resource and toolbox to guide homeowners in the right direction. Armed with the information compiled in this book homeowners can now replace stress and agony with viable ways to fight back. Order Your Copy Today $24.95 plus shipping and handling

Watch Anna Cuevas live at Hardest Hit area, Riverside County.

At the San Diego Convention Center with Bank of America Loan Modification Escalate for a lost loan modification

Anna, The Loan Mod Guru, is at the Bank of America Outreach Event at the San Diego Convention Center letting homeowners know that there is help out there for them! Order Your Copy Today $24.95 plus shipping and handling

Constantine did not buy above his means nor was he ever a sub prime loan borrower. This housing crisis has been portrayed to be the fault of irresponsible homeowners, but for the most part this portrayal is wrong. Hardships have fallen upon millions of people, companies, cities, states and complete industries. Whoever can’t see this, must be hiding under a rock, as so many people have fallen victim to the crisis at hand. It can happen to anyone.

More than 100 HAMP SM-participating servicers are required to evaluate homeowners for principal reduction. Participating servicers are required to develop written standards for PRA application. The largest servicers include Bank of America, CitiMortgage, JP Morgan Chase, and Wells Fargo.

On February 1, 2011 HAMP servicers will being to implement the changes brought into existence by Section 1482(a) and (b) of the Dodd-Frank Act also known as the Dodd-Frank Wall Street Reform and Consumer Protection Act.

This act will bring some much needed reform to the current processing fiasco that homeowners that are being denied due to NPV are going through.

found this article and it was so great I wanted to share it with you. There are many faculties that need to be developed before you are able to effectively handle difficult situations, if not developed this process could leave you feeling frustrated, helpless and defeated in a time when you MUST be strong, determined and confident. Facing foreclosure head on can be one of the most difficult things you will ever go though but when you develop certain traits you can discover inner strengths you never knew you had. In this time, more than ever you must take action, fear often paralyzes homeowners. Developing more EMOTIONAL RESILIENCE is key to being your own best advocate in life and also when fighting to SAVE YOUR HOME.

To be successful with your HAMP loan modification and in all aspects of life it takes many factors here are 30 from one of my favorite motivational people Zig Ziglar, try it for 30 days while you go through this loan modification process, it will make this process less frustrating as you push forward to stop foreclosure through a successful loan modification and save you home.

Go ahead now.
Look yourself in the mirror
and claim these qualities!
Do it for several weeks
and you’ll notice a change in your life.

Fast forward a week and Francia is frightened when a realtor for Fannie Mae knocked on her door and advised her that Fannie Mae now owned her home and she would need to move out in two weeks. Could you imagine the devastation and all of the feelings that must have gone through her mind when she was given this news. She immediately got on the phone and called Bank of America who apologized but let her know there was nothing that could be done because the house was foreclosed and their hands were tied.

On May 11, 2010 the guidelines for the use of unemployment income changed and a new program was added The Home Affordable Unemployment Program (or UP). There have been a couple of dates since then as well. One of them being that as of August 1, 2010 unemployment benefits will only be considered for the UP program and not for HAMP applications after that effective date. The Home Affordable Unemployment Program (UP) offers eligible borrowers a forbearance plan to temporarily reduce or suspend their mortgage payments.

Wadet is a single mother of 3 beautiful girls. When Wadet purchased her home during the housing boom she was full of pride and joy for becoming a first time homebuyer. She didn’t buy more than she could afford at the time. Wadet knew about being a wife, being a mother and working hard and she trusted the professionals to guide her through the loan process she didn’t necessarily understand how it all worked and what type of loan she was getting. I know we all have to be responsible for our actions and for what we take on but these people thought they understood and they were convinced that they were getting certain terms, they trusted the professionals, to their own fault.

Don’t wonder and guess about qualifying for HAMP – take the guess work out of it and fight for your home with confidence -
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Treasury Department has said they will “look into these troubling developments” they can stop turning a blind eye to those “troubling developments” and the non-compliance of the HAMP Home Affordable Modification Program.