There are a lot of loan modification programs from the FDIC, Washington Mutual, CitiMortgage, and even Countrywide Mortgage. All of these companies are helping homeowners who are eligible for loan modifications to save their homes.
What Are The Loan Modification Requirements?
For loan modifications, if you are going to have your ARM mortgage rate increase, and can not afford the higher mortgage payment, you can be eligible for a loan modification, at least under the Washington Mutual plan.
How To Apply For The Free FDIC Loan Modification Program
Home owners who have an adjustable rate mortgage that have an increasing payment who are delinquent or who are experiencing financial hardship and are falling behind on their IndyMac Federal mortgage should call 1-800-781-7399 to speak with an IndyMac Federal customer service representative. They may also visit the FDIC website (fdic.gov) or the IndyMac Federal website (imb.com) to find out more about the loan modification program.

