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Real Estate & Property Law

: Housing Wire

Streamlined Loan Modification Program Rolls Out

By DIANA GOLOBAY

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(Update 1 reflects clarified language regarding the modification options.) The streamlined modification program (SMP) announced Nov. 11 has now rolled out and will allow government-sponsored entities Freddie Mac (FRE: 0.69 -2.82%) and Fannie Mae (FNM: 0.69 0.00%) to modify large numbers of delinquent mortgage loans in an effort to prevent foreclosures, the GSEs #8212; along with [...]img src="http://feedproxy.google.com/~r/HousingWire/~4/--c1xiT8IOM" height="1" width="1"/

Full post as published by Housing Wire on December 18, 2008 (boomark / email).

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