Fannie Mae: Standard Modification Interest Rate Exhibit
Investor Update
January 6, 2017
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.
Source: Fannie Mae (full exhibit)
Additional Resource:
Freddie Mac (Freddie Mac Standard Modification Interest Rate)