Can Carrington do a rate freeze

can carrington do a rate freeze i am having problems paying my mortgage went up 300.00 more i do not want to go to foreclosure can you help

our arm is about to expire, we can not afford any rate change at this time, as our rental property is vacant, and we are doing are best to keep both properties current.that is becoming increasingly more difficult since my husbands hours have been cut.if our payment increases am afraid foreclosure would be imminent. we live in Michigan i am sure that helps explain our situation Thanks Richard

Please can you freeze my current rate for six months. We are trying our best to refinance. If our rate goes up in April, I know that our house is going into foreclosure.

Please help

Carrington Mortgage Services could care less if you are struggling to make your payment on time! They could care less if your rate goes up to 12-20%! They want you to foreclose so they can skim all the interest off you and then take your house and sell it for a profit! These people will not work with you to freeze your interest rate, they won't work with anybody....only thing that will stop them is the Congress!!

I have turned them into my elected representatives and they are working on it they tell me.

Thank you members of Congress! Let's put these crooks out of business!!

Bob,
Actually, servicing companies, including Carrington, doesn't want to own your house. It actually costs them money to maintain a forclosed house, and they have no payments coming in...a lose / lose situation for both parties. Don't specifically know Carrington but call them to see what they can do. Again, they don't want your house because it doesn't make them any money.

hi,
My mortage was sold to carrington in jan 2008,
from( Homecomings Financial), My rate will adjust in october 2008 do you know of amy companys that will help with a fixed rate mortage with not so ggod credit ....I have not had a very plesant experience with this company at all .

I was put in a ARM 3 years ago and its about to adjust. Why isn't the govenment helping people like us with this problem. If I could just have my rate frozen I would be fine, but noone wants to help anyone who is having a financial problem.

Carrington Mort. will send you a Hardship package to fill out. I've filled out 3 and have never heard the outcome of any of them. The person who has my account "Gina" will not return my pho.calls.My ARM expired 7/1/8 and my first payment with the $200. increase is due 8/1/8. Since I'm handicapped with a limited income I have no way to pay this extra money.

I applied for a Loan Mod. Our rep was Gina too. She waskinda rude. I understand that she probably gets 100's of phone calls a day from desperate people.

Long story short, they denied our Loan Mod. Said we made too much money and didn't have enough debt....

we never ever had a late payment. Now with our adjustment coming, we're gonna be in trouble

what a F&@king joke....

Carrington is a joke! I too have never been late but will be once my payment increases $300 in one month. They too told me that I made too much money. I'm not sure how they come to that conclusion since I included my debt and income in the hardship packet. All I asked them to do was freeze my rate and it was a no go. When I asked them why they aren't following the loan modification legislation passed down earlier this year to assist those people who aren't delinquent but will become so with a rate increase, I was told "Nobody is enforcing that legislation so why would we?" We need Congress to take the necessary steps to enforce the legislation they pass because at least this lending company won't do the right thing without being forced too. Pretty sad! I'm told they don't want my house but they must. I'm willing to pay a mortgage on a house that has decreased in value by 30% but they won't work with me. So instead of getting principal and interest over the next 30 years on a $184K loan, they are going to end up with an empty house that they won't be able to sale for more than $150K if they are lucky. They get what they deserve!

I have a Carrington Mortgage and I am in pre-mod for 6 months and then will be considered for modification, per what the collections person explained to me. And then the re-mod is not guaranteed. Just recently I spoke with a company to assist me in getting the re-mod done, basically they will represent me and I will have an account executive. It will cost me $500 per month to get started and each month thereafter until it is finished. Several months maybe. I was not happy with my previous modication and at the time I had no representation. I was taken to the cleaners by the mortgage company because I was in foreclosure previous and they charged me over $10,000 for the fees, which of course they tacked onto my monthly payment thus causing an even higher monthly payment. Presently I have hired this particular workout options company, I will not pay my mortgage in the meantime. They promised me at least a 30% decrease in my monthly payment. They will work with attorney to attorney contact in loss mitagation. I suggest to all to do searches for someone similar to help you, best of luck!

According to the new legislation just passed, mortgage companies that are part of the new federal plan to assist homeowners in avoiding foreclosure are bound by federal guidelines. Is Carrington Mortgage on this list?

I originally had a mortgage with New Century, they went under and Carrington bought the loan. Now my arm is resetting to 9% and carrington says they can't help me because they don't do New Hampshire. Well' what right did they have taking on this loan if they can't sevice it. I am writting to the fraud board.
Thank you

my loan whent adj back in 10/07 carrington had acquired my load from new century which went bankrp. prior to my rate becoming adj. (3 months) i cantacted carrington about help. they turn around and ignored me. they were in the proces of cosolidating new century accts and not doing any modifications. call several times and give me the same excuse, on top of that, look up my acct and said that because i had being making payments on time, they coul not help me. so i had to be late in order to get help. so idid. approved me for a mod-loan, but freez rate. from 2400 a month mortgage went up to 2850 after it became adjt. then with the modification it remained the same!!!!!!!! why. because now i have to pay more towards the principal. and they get all their money as loan call for originally.
what the f@#$%k.....i am glad i got help!!!!!???????? yea right.

I had a similar situation happen with Carrington, myloan was with ousehold finance they sold to Carrington. When I inquired about doing a refi to geta fixed rate I was told Carrington is not legally authorized to do refi's in the state of Virginia. My ? why did they buy it thenif theycant service it. I am just trying to buy time to repair my credit so I can locally refi.

If you are having problems dealing with your mortgage co. Call your banking commissioner in your state.
They will contact carrington and ask that they work with you to reset your interest back to the original rate. That's what I did and carrington reset me to 7.25 fixed for 30 years.
Good Luck