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.
""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.
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Borrowers must have a loan owned or guaranteed by Fannie Mae or Freddie Mac. Borrowers must be at least 90 days but no more than 720 days (24 months) delinquent. The program is available on both owner and nonowner occupied properties. The delinquent mortgage must be a first loan.
Homeloansgeorgetowntx – Freddie Mac speeds up availability of streamlined loan mods Payton Contents Giants fannie mae Dynamically generated video website built Program frequently asked questions: important bulletin guide (guide) bulletin Freddie mac.
All Freddie Mac Servicers are delegated to approve a Freddie Mac Standard and Streamlined Modification per Single- Family Seller/Servicer Guide (Guide) Sections B65.11 through B65.26. Refer to Guide Chapter 63 for additional informationif the mortgage is secured by a primary residence and the borrower
If Fannie Mae or Freddie Mac own your loan, you might qualify for a Flex Modification, which is a special loan modification program. Under this program, the loan servicer takes a series of steps, which may include lowering the interest rate and/or extending the term of the loan, to lower your monthly payments.
Freddie Mac: Streamlined Modification Now Available. Freddie Mac announced May 13 that its new Streamlined Modification program will be available immediately to all eligible borrowers, such as Hurricane Sandy victims, and should expedite financial relief for thousands of distressed families nationwide.
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