From housingwire.com:
As part of a borrowers’ assistance program designed to help WaMu homeowners with subprime mortgage loans stabilize their finances and avoid foreclosure, Washington Mutual (NYSE:WM) announced Wednesday a new program that will allow borrowers to refinance up to $2 billion in subprime loans at discounted interest rates.Under the program, WaMu subprime borrowers who remain current on their existing loans and anticipate pending payment increases may apply for new discounted fixed-rate loans or other mortgage products available to them, the company said.
Click here for the full article.
For more information, visit Washington Mutual.
Comments
I called WAMU and was told that they would not be able to assist me with refinancing. The guy had me on the phone for about 15 mins, asked me a few questions and told me WAMU would not be able to assist financing my loan. He told me to walk away from the house and let it go into foreclosure.
Posted by: sherry | May 30, 2007 9:48 PM
From Bill:
Sherry, you should contact a local bankruptcy attorney who you can discuss all of your options with. You should not make any decision based solely on what a representative from the mortgage company told you on the telephone.
Check with your local bar association for a referral to an experienced bankruptcy attorney, or check out the National Association of Consumer Bankruptcy Attorneys for a qualified attorney in your area. Their at www.nacba.org.
Good luck!
Bill
Posted by: Bill McLeod | May 31, 2007 3:49 PM