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  2. The Hardship Letter: Four Points to Make When Seeking a ... - AOL

    www.aol.com/news/2011-03-28-the-hardship-letter...

    Many a homeowner has been "inspired" to do-it-yourself-dom by a traumatic encounter with a bad contractor (traumatic to the psyche -- or the pocketbook). In the same vein, the spate of loan ...

  3. How to write a letter of explanation for a mortgage - AOL

    www.aol.com/finance/write-letter-explanation...

    Sample letter of explanation While the exact content of your letter depends on your circumstances, you can use this sample letter of explanation to a mortgage lender as a template: Date

  4. File:Sample-letters-for-creditors-and-mortgage-companies.pdf

    en.wikipedia.org/wiki/File:Sample-letters-for...

    sample-letters-for-creditors-and-mortgage-companies.doc: Software used: Preview: Conversion program: Mac OS X 10.13.6 Quartz PDFContext: Encrypted: no: Page size: 612 x 792 pts (letter) Version of PDF format: 1.3

  5. Flex Modification Program (FMP): Everything you need to know

    www.aol.com/finance/flex-modification-program...

    If you’re having a hard time affording your monthly mortgage payments, the Flex Modification program (FMP) might be able to help you reduce your monthly payment, get a longer repayment period ...

  6. Hardship clause - Wikipedia

    en.wikipedia.org/wiki/Hardship_clause

    The hardship clause is sometimes used in relation to force majeure, particularly because they share similar features and they both cater to situations of changed circumstances. The difference between the two concepts is that hardship is the performance of the disadvantaged party becoming much more burdensome but still possible.

  7. Loan servicing - Wikipedia

    en.wikipedia.org/wiki/Loan_servicing

    Loan servicing is the process by which a company (mortgage bank, servicing firm, etc.) collects interest, principal, and escrow payments from a borrower. In the United States, the vast majority of mortgages are backed by the government or government-sponsored entities (GSEs) through purchase by Fannie Mae, Freddie Mac, or Ginnie Mae (which purchases loans insured by the Federal Housing ...

  8. What is a mortgage proof of funds letter? - AOL

    www.aol.com/finance/mortgage-proof-funds-letter...

    Before you can get a mortgage, you will need a mortgage preapproval letter. This is a document from a mortgage lender showing a proposed loan amount for a given borrower. While a preapproval ...

  9. Verification of employment - Wikipedia

    en.wikipedia.org/wiki/Verification_of_employment

    Verification of Income and Employment (VOIE) is a process [1] used by banks and mortgage lenders in the United States to review the employment history of a borrower, [2] to determine the borrower's job stability and cross-reference income history with that stated on the Uniform Residential Loan Application (Form 1003). Lenders require complete ...

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