Hang up in the HARP refinance
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|Fri, 08-23-2013 - 1:55pm|
This is the oddest thing, and my mortgage broker friend is at a loss, also.
The notes I have with the City's Urban Renewal Agency are causing an issue. Supposedly, Fannie Mae doesn't like the terms, even though they are subordinated! Eh....the mortgage company gets their money first. The City is the one that would take the hit if there was a loss. Why do they care.
My friend said that he can't imagine that Fannie Mae cares, and has never heard of such a thing. Even the gal at the mortgage company is at a loss.
To shorten the story, they are asking for an exception.
What is funny, is the gal from the mortgage company was just beside herself, all worked up that I was denied. She went on about my notes, how they would never be written that way today, and I should get them changed, etc. etc. I was really taken aback and just let her ramble on, knowing when I hung up I was going to call my friend.
I talked to the processor in the morning, she said that they didn't like the fact that there is no payment history on these notes, and that they would ask for an exception. Now that, I can deal with.
I get an email this morning asking if I am working on getting my notes changed....eh, no! If I get approved great. If not, such is life. And I hit SEND.
Serenity CL making a second marriage work