Fannie Eases Loan Mod Rules

Investor's Business Daily
March 2013
Investors Business Daily;3/28/2013, pA01
6 Fannie Mae and Freddie Mac waived a requirement that borrowers who are very delinquent prove hardship as part of getting a mortgage loan modification. The gov't-controlled mortgage finance giants called it a "streamlined" initiative. Underwater homeowners looking to lower monthly payments are still finding that a challenge, experts say. Meanwhile, foreclosures in process fell below 1 mil for the first time since 2009, federal regulators said.


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