Simplified Home Loan Modification Program Recently Announced

Mortgage Guidelines , ,
The Federal Housing Finance Agency (FHFA) recently announced a new, streamlined home loan modification program to help home owners who are behind in their payments or own a home with a mortgage that is under water. The purpose of the recently announced program continues to focus on helping troubled borrowers avoid foreclosure and stay in their homes. Simplified Modification Criteria Creates More Opportunity For Home Owners Beginning this summer, on July 1st to be exact, the new Streamlined Modification Initiative will be available to home owners that meet certain criteria. Interestingly, this new program will require home loan servicers to…
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