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You will need to fill out the four-page uniform borrower assistance form used by both Freddie and Fannie, Mr. German said.
To win support from state and local nonprofit lenders and guaranty agencies, the industry's proposal also set aside $5.5 billion for "borrower assistance and advocacy services".
The Department of Education hasn't been," said Deanne Loonin, director of the National Consumer Law Center's student-loan borrower assistance project.
Deanne Loonin, director of the National Consumer Law Center's student loan borrower assistance project, said that even when borrowers know about Income-Based Repayment and similar programs, servicers continue to give them bad information, making it difficult for struggling borrowers to pick the best payment plan for them.
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Credit scores used by the mortgage industry are often supplied by credit-reporting agencies that also offer borrowers assistance in figuring out how to game the system.
That program provides up to $3,000 in borrower relocation assistance for short sales.
Freddie Mac Brad German said documents provided to the company by PNC showed "no record of the borrower seeking assistance and no record of a missed electronic transfer payment".
Tracie Pearce, Nationwide's head of mortgages, said: "Save to Buy for home movers gives borrowers the assistance they need to buy their next home.
And when lawmakers return to Washington in September, they must complete legislation to help states and localities provide the ever-increasing numbers of at-risk borrowers with assistance in modifying their loans.
He said that far from posing a hurdle for homeowners, MERS had helped reduce mortgage fraud and imposed order on a sprawling industry where, in the past, lenders might have gone out of business and left no contact information for borrowers seeking assistance.
The agency says that over the past four years, they have helped 35 of 50 cosigners or co-borrowers who have requested assistance after a borrower died or became disabled.
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