Freddie Mac speeds up availability of streamlined loan mods

suggests that lenders and servicers should give greater consideration to the use of principal reduction as one of the loan modification. they would be available only to those who genuinely needed.

Freddie Mac’s Streamlined Modification program had originally been scheduled to start on July 1, 2013. News Quote "Today, Freddie Mac is giving a green light to its mortgage servicers to speed up financial relief for potentially thousands of families with delinquent mortgages across the nation.

HAFA establishes streamlined short sale. loan modification period qualify for HAFA. Other HAFA requirements include:Property is principal residence.Mortgage originated before Jan. 1, 2009.Mortgage.

Using Streamlined Modification to Save Your Home Without. – Fannie Mae and Freddie Mac are currently offering a streamlined modification program. This program allows struggling homeowners to get relief without having to fill out any paperwork or forms. This program can help the borrower overcome the barriers that are put up by the documentation and application process.

A new Fannie Mae and Freddie Mac streamlined modification program went into effect July 1, 2013, to offer relief to homeowners in danger of a foreclosure. The program is slated to end Dec. 31, 2015.

The Public Inspection page on FederalRegister.gov offers a preview of documents scheduled to appear in the next day’s Federal Register issue. The Public Inspection page may also include documents scheduled for later issues, at the request of the issuing agency.

History: Fannie, Freddie Seized by Federal Government In September 2008, the United States government seized mortgage giants fannie mae and Freddie Mac. Since that time, the government has pumped $111 billion of new capital into these government.JW Showcase JW Showcase is an open-source, dynamically generated video website built around JW Player and JW Platform services. It enables you to easily publish your JW player-hosted video content with no coding and minimal configuration.

Important Update. October 2, 2017 – Please note that Servicers are no longer able to evaluate borrowers for Freddie Mac Standard and Streamlined Modifications.. Last December, we announced the Freddie Mac Flex Modification, which offers you an easier, flexible way to help borrowers qualify for a loan modification in a changing housing environment.

TPP may be extended up to an additional 9 months to obtain approval in bankruptcy Borrower executed and returned the Flex Loan Modification Agreement Servicer or Fannie Mae/Freddie Mac (depending upon the entity that is the mortgagee of record) executes and dates the Flex Loan Modification Agreement 16

Streamlined Loan Modification Program Frequently Asked. – Streamlined Loan Modification program frequently asked questions: important bulletin: December 14, 2016 – In Single-Family Seller/Servicer guide (guide) bulletin 2016-22 [PDF], freddie mac announced the new Freddie Mac Flex Modification, which is designed to offer you an easier, flexible way of helping more borrowers qualify for a loan modification in a changing housing environment.