Fannie Mae Standard Modification Rate Adjustment Frequency
On February 26, Fannie Mae issued Servicing Notice: Fannie Mae Standard Modification Rate Adjustment Frequency.
Servicing Notice: Fannie Mae Standard Modification Rate Adjustment Frequency
This Notice announces that beginning on July 1, 2014, the Fannie Mae Standard Modification Rate may be adjusted monthly. Servicers will be notified of a change in this Rate on the fifth business day of the month. The effective date of the new Rate (posted on Fannie Mae’s business website) will be five business days after servicer notification.
Please click here to view the notice in its entirety.
Safeguard Properties is the largest mortgage field services company in the U.S. Founded in 1990 by Robert Klein and based in Valley View, Ohio, the company inspects and maintains defaulted and foreclosed properties for mortgage servicers, lenders, and other financial institutions. Safeguard employs approximately 1,700 people, in addition to a network of thousands of contractors nationally. Website: www.safeguardproperties.com.