New American Funding
Loan Mod Success Stories
Our business is helping families stay in their homes
New American in the News
Flow us On

Rick Arvielo
President of
New American Funding
Helping
Homeowners Fix
Their Loans
& Save Their Homes
1-800-426-5626
Please visit our BLOG and discuss
your ideas or problems with other
homeowners caught up in this
national epidemic.
Loan Modification Experts with a proven
track record through TheBrokerNetwork.com
Irvine, CA (PRWEB) May 25, 2008 -- The President of New American
Funding, Rick Arvielo, says there is a ‘Perfect Storm’ brewing when it
comes to borrowers qualifying for a new home loan, but unfortunately, this
storm is blowing people right out of their homes.. Read full story...
READ BUSINESS WEEK ARTICLE..
A Beacon of Sanity in Subprime
HSBC got slammed earlier than most and moved aggressively to minimize
the pain. "Send money." That was Brendan McDonagh's plea to top brass
after he was tapped last year to clean up HSBC's mortgage mess in the
U.S. (HBC) McDonagh, 49, had just...Read full story....
CURRENT NEWS STORIES
Business Week
Link to
Unexpected mortgage write-off saves home
Lakeland, Fl. - Mike Rochinich and his wife bought their home in Lakeland
in 2006. He thought they were getting a fixed mortgage but got an
unwelcome surprise just before closing. "The only loan that we could be
approved for, an adjustable 8.45%," said Rochinich.
And in April, that interest rate jumped to more than 11%. With the increase
in taxes and insurance, Rochinich says his house payment increased
$800 a month from what it had been two years ago. "When we got the
news .. Read full story
Tampa Bays 10
CUSTOMER TIPS
Advice and Timelines:
EST timeline to completion –
60-120 days.
***Depending on Servicer/Lenders
individual turn times.***

1. Any and all items requested from
your lender should be delivered
within 3 days! Many lenders will
cancel a file for inactivity if items
requested are not received by them in
a very timely fashion and you don’t
want to start over from the beginning.

2. Reference your loan number on
every document page during the
follow up process.

3. Update financials every 30 days
along with cover letter “Updated
Financials”.

4.Be diligent and patient.
Dear Valued Clients,

Although we’ve had astounding success
obtaining principal reductions and/or
lowering interest rates for hundreds of
borrowers, the increasingly negative
press coverage surrounding loan
modification providers has reached a
flashpoint and we can no longer bear
the risks of being associated with this
stigmatized industry. As you may have
found on our website, satisfied New
American loan modification customers
from across the country wrote and called
in to support the work we have done on
behalf of struggling American
homeowners. Sadly, a few greedy
opportunists who chose to take
advantage of consumers and mar the
credibility of any company involved in
this industry have forced our decision to
no longer offer loan modification
services.

In an effort to support the scores of
borrowers still calling in for our help, we
have taken the time to publish
information on how to obtain a loan
modification on your own. We are glad
to provide this guidance as it remains
our sincere desire that any American in
need has the opportunity to secure a
modification and keep their home. We
hope you find it empowering.

Finally, please remember that servicers
are not the enemy. Many of them do
want to help but are simply
overwhelmed by the sheer volume of
modification requests. Be prepared for a
lengthy process and most importantly,
be complete and timely in providing the
information they request of you. Good
luck!

Sincerely,
Rick Arvielo
President