Freddie Mac’s New “Streamlined Modification”

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

Ryan_mcguinness@freddiemac.com