Fannie Mae Standard Modification Interest Rate Exhibit
Investor Update
December 9, 2015
The Fannie Mae Standard Modification Interest Rate is subject to periodic adjustments based on an evaluation of prevailing market rates. The servicer must use the current Fannie Mae Standard Modification Interest Rate indicated below when evaluating a borrower for a conventional mortgage loan modification, excluding Fannie Mae HAMP Modifications.
NOTE: As a reminder, the interest rate used to determine the final modification terms must be the same fixed interest rate that was used when determining eligibility for the Trial Period Plan and calculating the Trial Period Plan payment.
The following table provides the current Fannie Mae Standard Modification Interest Rate as well as historical adjustments.
|
Effective Date December 14, 2015* |
Interest Rate 4.000% |
* Current Fannie Mae Standard Modification Interest Rate
Source: Fannie Mae
Additional Resource:
Fannie Mae, Freddie Mac roll mortgage modification interest rate back to 4% (HousingWire 12/9/15)