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Freddie Mac’s New “Streamlined Modification”

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The Streamlined Modification opens a new gateway to mortgage relief for many of America's struggling borrowers. As of July 1, 2013 servicers have begun to proactively offer eligible borrowers a Streamlined Modification, which can cut monthly mortgage payments by as much as a standard modification, but with less documentation. Freddie Mac is proud to work with our Servicers to provide another option to seriously delinquent borrowers who are struggling through a difficult economic environment, but for whom home retention is an important goal.

 

Discussion Points:

 

  • The Streamlined Modification- Program Overview
  • Freddie Mac’s Evaluation Hierarchy
  • Borrower, Mortgage and Property Eligibility
  • Soliciting the Borrower- Servicer Requirements
  • Trial Period Plans and Loan Modification Terms

 

Guest Speaker Information:

Ryan McGuinness

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