Homeowners with a Wells Fargo home loan are still able to obtain assistance through the home loan modification program. Many lenders have seen increases in the number of mortgage modifications made from month to month, so there are still options for homeowners struggling to pay their mortgage.
Lenders are also using a variety of other assistance programs to help homeowners that are suffering from a variety of trouble, ranging from unemployment to a loss in their home’s value. While lenders may differ about how they deal with these mortgage troubles, there is increasing pressure being put on the top lenders in the Making Home Affordable Program to do more so that homeowners can avoid foreclosure.
While there have been no perfect lenders in the home loan modification program and many homeowners have complained that lenders don’t seem to be doing all they can to help homeowners, there are still assistance programs out there. Some lenders may not have done all they can, but a Treasury Department review is hoped to sort out any lingering problems with the modification program.
Despite troubles, homeowners who have a Wells Fargo home loan or a mortgage from another lender are still being prompted to talk with their lender if paying their mortgage is becoming a problem or if they foresee trouble on the horizon. The number of programs to help struggling homeowners has increased, so homeowners that worry about losing their home should be able to find some form of assistance that will work for them.