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Loan Modification

: Loan Modification & Home Loan News

Fannie Mae loosens loan modification requirements

By Moe Bedard

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Fannie Mae (FNM.N) instructed companies that service loans it guarantees to allow modifications to borrowers who made payments during a trial period but did not meet all income document requirements under the initial terms. Converting trial modifications to permanent plans under the U.S. Home Affordable Modification Program has proven a vexing problem for the foreclosure prevention [...]

Full post as published by Loan Modification & Home Loan News on March 23, 2010 (boomark / email).

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