We recently applied for modification through PHH. We were turned down despite a $30, 000 reduction in salary and 4 months of unemployment. The solution was to raise a payment so we could make up what was past due. Which would have increased our payment by $500 for 6 months. We ended up borrowing from family to make up the past due. Still barely getting by and unable to repair our vehicles that we use to get to work. Seems PHH/Fannie Mae don't care to help customers who were in good standing until faced with financial ruin. Makes me sick that we had to bail out Fannie Mae, but no help to PEOPLE in a situation that is not controllable.
