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National Mortgage Settlement, Help For Ohio Homeowners

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Ohio homeowners who don’t qualify for a refinance under the HARP 2.0, FHA Streamline, or other options currently available may have some assistance on the way.  I discussed options for Ohio homeowners who do not qualify for a HARP 2.0previously.

The National Mortgage Settlement website is now live, with important info for homeowners who have a loan serviced by Ally (formerly GMAC), Bank of America, Citi, JPMorgan Chase, or Wells Fargo.  However, if your current loan is OWNED by Fannie Mae or Freddie Mac you are not eligible for this settlement.  You can check if your loan is OWNED by Fannie Mae or Freddie Mac at the following links:

Fannie Mae: http://www.fanniemae.com/loanlookup
Freddie Mac: http://www.freddiemac.com/mymortgage

Beware of scammers that have already been reported in some States.  The National Mortgage Settlement website provides some tips to help avoid scams associated with this new option:
  1. Does the caller identify themselves as representing your loan servicer? Or do they ask you to provide the name of your loan servicer? If they ask you for the name of your servicer, they may be a scammer.
  2. Does the caller offer to provide your personal information to assist you in identifying your account? Or do they ask you to provide that? If the caller is from your loan servicer, they will be able to tell YOU your personal information because they will have it. You should never provide your personal information (including bank account numbers, social security numbers, etc.) to an unsolicited caller—no matter what they promise you.
  3. Does the caller offer to speed your settlement relief for a fee? They are definitely a scammer! Neither the banks nor the Attorneys General will charge a fee to speed your settlement.
  4. If you think the caller may be legitimate, ask for their contact information, tell them you are going to call your bank’s hotline (located above) and confirm, then call them back. Chances are if they’re a scammer, they won’t want you to check on them and they won’t provide their contact information.
Ohio homeowners, if you have learned that you don’t qualify for a HARP 2.0 refinance then you may want to look into your options with the National Mortgage Settlement.
If you’d like to see if you qualify for a HARP 2.0 refinance and you are in Ohio you can CONTACT ME or complete the RATE QUOTE REQUEST form.