Archives For: Principal Reduction Modification
Fannie Mae: Principal Reduction Modification Retirement and Eviction Lockout Moratorium Announced
Fannie Mae issued a news release highlighting a number of updates relevant to servicers and sellers.
23 Nov 2016
FHFA: A Message to Borrowers Struggling With Mortgage Debt: Check Your Mail!
The Federal Housing Finance Agency (FHFA) posted a blog highlighting a one-time principal reduction modification being offered by Fannie Mae and Freddie Mac.
4 Oct 2016
Freddie Mac: New Support for the Principal Reduction Modification
Freddie Mac issued a release announcing a new, temporary principal reduction web page that has been created to help servicers with borrower inquiries.
4 Aug 2016
Processing a Fannie Mae Principal Reduction Modification Job Aid
Fannie Mae released a new job aid in conjunction with Lender Letter LL-2016-02.
27 Apr 2016
FHFA Announces Principal Reduction Modification Program and Further Enhancements to NPL Sales Requirements
The Federal Housing Finance Agency (FHFA) issued a news release announcing that Fannie Mae and Freddie Mac will offer principal reduction to certain seriously delinquent, underwater borrowers in order to help them avoid foreclosure.
14 Apr 2016
FHLMC Guide Bulletin 2016-07: Freddie Mac Principal Reduction Modification
Freddie Mac issued a release announcing its Principal Reduction Modification.
14 Apr 2016