March 19, 2013

Homeowners Mortgage Assistance Event Organized by state Department of Banking

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The Connecticut Department of Banking has organized an April 17 Homeowners Mortgage Assistance Event that is designed to help people who are having difficulties with their mortgages and allow them to make direct contact with their lenders. The event will include lenders, HUD-approved housing counselors, and agencies including Connecticut Fair Housing Center, CHFA, 2-1-1 Infoline, Judicial Foreclosure Mediation, and the Mortgage Crisis Job Training Program. The following lenders have confirmed their participation, and we are awaiting responses on several others: Bank of America, CitiMortgage, Fannie Mae, First Niagara Bank, HSBC National Bank USA, JPMorgan Chase & Co., McCue Mortgage, Ocwen Loan Servicing, PNC Mortgage, Webster Bank and Wells Fargo.

This event provides you an opportunity to meet one-on-one with your mortgage lender or a HUD-approved housing counselor. At this event you can learn about:
Foreclosure Prevention • Loan Modifications • Debt Management
Emergency Mortgage Assistance Program (EMAP) • Federal Assistance Programs • Other Resources

Avoid a long wait! Find out if can pre-register with your lender by visiting www.ct.gov/dob/homeowner or calling either 860-240-8170 or 1-877-472-8313

Wednesday, April 17, 2013
10:00 a.m. to 7:00 p.m.
Omni New Haven Hotel
155 Temple Street, New Haven, Connecticut

What to Bring:

Most recently filed and signed federal tax return with all schedules, including Schedule E-Supplemental Income and Loss, and attachments including W2s.
Three most recent statements (all pages) for every bank, investment, and retirement account.
Most recent statement for every department store/credit card, auto/student loan, and other mortgages/liens.
A form of state-issued identification, such as a driver’s license.
A recent utility bill with your name and property address to show proof of residency.
Signed and dated Hardship Letter detailing why it is difficult for you to make your mortgage payments.
List of all household monthly income and expenses (actual expense monthly statement).
A copy of your Homeowners Insurance Declaration Page and Real Estate Property Tax Certification (tax bill).
For each salaried borrower: A month’s worth of the most recent pay stubs (within 30 days of the event).
For each self-employed borrower: Most recent quarterly or year-to-date profit/loss statement stating three months of business bank statements.
For each borrower with income such as Social Security, disability or death benefits, pension, adoption assistance, public assistance, food stamps, or unemployment: Benefits statement or Award Letter from provider, proof that you receive unemployment wages for a minimum of 12 months.
For each borrower relying on alimony or child support as qualifying income: Divorce or other court decree, or separation agreement or other written agreement fi led with the court stating amount and period of time it will be received, and three most recent bank statements showing receipt of such payment.
For borrowers relying on rental income: A complete schedule of real estate that you own, including the monthly payment amount for principle and interest, the amount of taxes and insurance/escrowed, and any homeowner association dues, current Lease Agreement(s) in its entirety, signed and dated, and three months of bank statements showing deposit of payment or cancelled checks showing receipt of payment.
For borrowers with income from other source(s) that amount to more than 20% of your total yearly income (this could include bonuses, tips or investment income, and letters regarding contribution to mortgage payments): Copy of documentation describing the nature of the income (employment contract or tip income).
For borrowers that belong to a Homeowners Association: A copy of a current bill or assessment.

*The Request for Modification and Affidavit Form (RMA) which includes an income/expense/asset form, the IRS Forms 4506-T and 4506-EZ, and the Dodd-Frank certification form are available here.