Video helps homeowners gather paperwork

For faster mortgage help Freddie Mac has produced a video that shows late-paying

borrowers how gathering a few financial

documents before calling a mortgage servicer can cut the time needed

 to determine their eligibility and process their

application for a loan modification under the Making Home

Affordable program or Freddie Mac's other workout initiatives.

Available in English and Spanish versions, the new Freddie Mac video,

“Stop Foreclosure: Documents Your Lender Needs to Help

You” can be seen at Freddie Mac’s channel on YouTube at

 http://takeaction.realtoractioncenter.com/ct/Pp_DIU11V4DH/.

The two-minute video shows step-by-step which documents

borrowers should have on hand when

they call their servicer to discuss loan modifications.

These documents can cut the time a servicer will need to understand

the borrower's situation,

determine his or her eligibility for a workout,

and process the application.

More info:  http://takeaction.realtoractioncenter.com/ct/P1_DIU11V4DR/