Freddie Mac Makes It
Easier to Get a Mortgage Modification
Freddie Mac is making several revisions to its guidelines for standard and streamlined mortgage modifications. The changes will "substantially increase" the number of borrowers who qualify for mortgage modifications, according to Freddie Mac. Moreover, the updated standards will make post-modification mortgage payments more affordable for borrowers. Freddie Mac also announced changes to its eligibility rules for its streamlined and MyCity modification programs. The new rules will maximize loan modification options for severely delinquent borrowers and further streamline the review of a borrower for the streamlined modification and the MyCity modification programs. The changes take effect on March 1, 2016.
From "Freddie Mac Makes It Easier to Get a Mortgage Modification"
Housing Wire (09/09/15) Lane, Ben
Freddie Mac is making several revisions to its guidelines for standard and streamlined mortgage modifications. The changes will "substantially increase" the number of borrowers who qualify for mortgage modifications, according to Freddie Mac. Moreover, the updated standards will make post-modification mortgage payments more affordable for borrowers. Freddie Mac also announced changes to its eligibility rules for its streamlined and MyCity modification programs. The new rules will maximize loan modification options for severely delinquent borrowers and further streamline the review of a borrower for the streamlined modification and the MyCity modification programs. The changes take effect on March 1, 2016.
From "Freddie Mac Makes It Easier to Get a Mortgage Modification"
Housing Wire (09/09/15) Lane, Ben
No comments:
Post a Comment