Comments on: Mortgage Refinancing For Underwater Borrowers Now Available http://blownmortgage.com/2009/07/07/mortgage-refinancing-for-underwater-borrowers-now-available/ #1 Free Home Loan Modification & Debt Relief Help For US Home Owners - Truths, Facts & News About the Mortgage Industry Sat, 07 Nov 2009 02:53:18 -0700 http://wordpress.org/?v=2.8.3 hourly 1 By: Ditech Home Loans http://blownmortgage.com/2009/07/07/mortgage-refinancing-for-underwater-borrowers-now-available/comment-page-1/#comment-71719 Ditech Home Loans Fri, 10 Jul 2009 20:43:48 +0000 http://blownmortgage.com/?p=3209#comment-71719 It may prevent some underwater borrowers from walking away from their mortgage.<br><br>The general guidelines include the following:<br><br>• Applies to home loans originated on or before January 1, 2009<br>• Current loan must be backed by Fannie Mae or Freddie Mac<br>• No 30 day mortgage late payments in the past 12 months<br>• borrower income must support the new mortgage payments<br>• New mortgage cannot exceed 125% of the current home value It may prevent some underwater borrowers from walking away from their mortgage.

The general guidelines include the following:

• Applies to home loans originated on or before January 1, 2009
• Current loan must be backed by Fannie Mae or Freddie Mac
• No 30 day mortgage late payments in the past 12 months
• borrower income must support the new mortgage payments
• New mortgage cannot exceed 125% of the current home value

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