TITLE

Fannie Eases Loan Mod Rules

AUTHOR(S)
Investor's Business Daily
PUB. DATE
March 2013
SOURCE
Investors Business Daily;3/28/2013, pA01
SOURCE TYPE
Newspaper
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
86416070

 

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