Well...not sure really...
I started applying back in Oct/Nov? of last year I believe. I got approved for my smaller loan. Then with my larger loan they said I had to reapply under the Obama plan. So I did. Then they modified my smaller loan again, and reduced it more. Hey, sweet, random!
Then they finally got me a modification on my larger loan.
So..ultimately it appears I have both loans modified... unfortunately the system hasn't caught up. My credit is EFFED up. It looks like I haven't paid my mortgage in forever as I don't pay on the old loans, I pay on new loans. I cannot pay online, or get statements, or view any account activity as their systems have not caught up.
for reduced payments, big time. My small loan went from over $700 to $350 and my larger loan went from about $2200 to $1300. MAJOR relief for me.
for bad credit results and the freakiness of paying into loans you can never look at, or never even get statements for
Oh and I'm with GMAC, not like Uncle Bob's mortgage co.