http://www.mortgagenewsdaily.com/962007_Mortgage_Servicing.aspThe six big agencies that regulate most of the nation's banking system issued "guidance" Tuesday encouraging mortgage servicers to work with borrowers to mitigate loan losses and keep families in their homes where "possible and appropriate." ServicersenCommunityServer 2008 SP2 (Build: 31106.96)http://www.mortgagenewsdaily.com/962007_Mortgage_Servicing.asp#8652Tue, 11 Sep 2007 11:00:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:8652SandraMemphis07-Normally you&#39;d have to refi to get a fixed from an arm. With the foreclosure rate so high many lenders are becoming lenient in hopes to come up with a solution that will not result in foreclosure. It&#39;s worth a shot to call your lender &amp; tell them that you can&#39;t qualify for a refi and you wont be able to make your payments if they dont extend the term of your arm or put you into a fixed rate. I know lenders are converting 2yr arms into 4yr arm or even fixed rates to stop foreclosures.<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=8652" width="1" height="1">http://www.mortgagenewsdaily.com/962007_Mortgage_Servicing.asp#8653Mon, 10 Sep 2007 11:00:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:8653Memphis07Can a Arm rate be fixed or locked without refi? My fico score will not allow me to refi at this time. What are my options?<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=8653" width="1" height="1">http://www.mortgagenewsdaily.com/962007_Mortgage_Servicing.asp#8654Thu, 06 Sep 2007 11:00:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:8654murray KaplanThey should not be a higher rate for the borrower, therefore giving him a payment he will be able to make (albeit not pay off the loan), meanwhile the banks are making plenty of profit. Moving to 60 year Ammortization would help solve much of the current problem for all.<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=8654" width="1" height="1">http://www.mortgagenewsdaily.com/962007_Mortgage_Servicing.asp#8650Thu, 06 Sep 2007 11:00:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:8650murray KaplanWe could help both the borrower and the lender and possibly save a little time if we were to allow the lending institutions to move to 60 year loans. We did that with 40 and 50 year ammortization, the reason it isn&#39;t working is because the lenders are so greedy and charge more just for asking for those terms that it doesn&#39;t make pay for the borrower to take them. <div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=8650" width="1" height="1">http://www.mortgagenewsdaily.com/962007_Mortgage_Servicing.asp#8649Thu, 06 Sep 2007 11:00:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:8649Raffi TalHelping thousands of families with short sale we see at Ishortsale that lenders are not so cooporating as it seemed to be....<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=8649" width="1" height="1">