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March 29, 2013

Avoid Foreclosures with the New Streamlined Modification Initiative
Federal Housing Finance Agency (FHFA) News Release
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Fannie Mae and Freddie Mac will be offering “Streamlined Modification Initiative” to eligible borrowers.  The program offers an easier way for borrowers, who are at least 90 days delinquent, to avoid foreclosure.  It will keep more people in their homes and relieve the financial burden of home losses on lenders and taxpayers.  The program will be in effect July 1st through August 1, 2015.  More…