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Anil Alex Moonasar's Blog – April 2013 Archive (1)

FHFA streamlines mortgage modifications July 1

WASHINGTON – April 11, 2013 – Effective July 1, mortgage servicers must offer eligible borrowers at least 90 days delinquent an easy way to lower their monthly payments and modify their mortgage without requiring financial or hardship documentation. The loans apply to those owned by Fannie Mae and Freddie Mac, according to the Federal Housing Finance Agency (FHFA)

The new Streamlined Modification Initiative eliminates administrative barriers. It becomes effective July 1, 2013, and…


Added by Anil Alex Moonasar on April 11, 2013 at 9:09pm — No Comments

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