Fannie Mae Toughens Loan Mod Requirements

Fannie Mae has toughened the requirements for obtaining standard mortgage loan modifications.

  • 28 Jun 2010
Fannie Mae has toughened the requirements for obtaining standard mortgage loan modifications. Effective July 15, servicers offering loan modifications must verifying income, liabilities and monthly expenses of borrower before granting a permanent Fannie Mae mortgage modification. Servicers will still to be able to process pre-July 15 modifications that ...

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