Comments on: Loan Mods: Just Another Exotic Loan? http://blog.hsh.com/index.php/2009/12/loan-mods-just-another-exotic-loan/ Things you should know about consumer news and finance. Thu, 09 Feb 2012 13:21:21 -0800 http://wordpress.org/?v=2.8.5 hourly 1 By: Tim Manni http://blog.hsh.com/index.php/2009/12/loan-mods-just-another-exotic-loan/comment-page-1/#comment-39150 Tim Manni Tue, 08 Dec 2009 19:23:18 +0000 http://blog.hsh.com/?p=7288#comment-39150 Sean, According to MakingHomeAffordable.gov, your LTV can't exceed 125% for both mods and refis. Are you referring to private lenders who are operating outside making home affordable offering mods for over 125%, because we haven't heard too much about 150 and 200% LTV mods? Thanks, Tim Sean,

According to MakingHomeAffordable.gov, your LTV can’t exceed 125% for both mods and refis. Are you referring to private lenders who are operating outside making home affordable offering mods for over 125%, because we haven’t heard too much about 150 and 200% LTV mods?

Thanks,
Tim

]]> By: Sean OToole http://blog.hsh.com/index.php/2009/12/loan-mods-just-another-exotic-loan/comment-page-1/#comment-38276 Sean OToole Sat, 05 Dec 2009 07:53:31 +0000 http://blog.hsh.com/?p=7288#comment-38276 Those who claim these aren’t exotic have missed that fact that many mods are at 150 to 200% loan to value — there simply is no limit as to how upside down the home can be. Sorry I wasn’t more clear about that in my post. Bottom line is that 150% LTV loans with a 5 Year “teaser rate” are far more exotic than anything offered in the bubble years. Those who claim these aren’t exotic have missed that fact that many mods are at 150 to 200% loan to value — there simply is no limit as to how upside down the home can be. Sorry I wasn’t more clear about that in my post. Bottom line is that 150% LTV loans with a 5 Year “teaser rate” are far more exotic than anything offered in the bubble years.

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