WebPlease visit Freddie Mac's new Freddie Mac Flex Modification webpage for modification information and reminders or refer to the Freddie Mac Flex Modification Term Sheet. The Federal Housing Finance Agency announced plans for a New Streamlined Modification Initiative that took effect on July 1, 2013 and was originally set to expire August 1 ... "The new Flex Modification announced by Fannie Mae and Freddie Mac (the Enterprises) today was designed based on lessons learned from crisis-era loan modification programs to help borrowers stay in their homes and avoid foreclosures whenever possible. The Flex Modification also reflects input received over the …
FHFA Announces Payment Deferral as New Repayment Option for …
WebMay 13, 2024 · Washington, D.C. – Today, to help homeowners who are in COVID-19 related forbearance, the Federal Housing Finance Agency (FHFA) has announced that … Web3 In general, a Flex Modification targets a 20 percent payment reduction while bringing the loan current by adding to the unpaid loan balance any past due amounts, including unpaid interest, real estate taxes, insurance premiums, and certain assessments paid on the borrower’s behalf to a third party, and extending the loan term and/or ... peach likeur colruyt
Fact Sheet: Biden Administration Announces Additional …
WebJun 30, 2024 · 6/30/2024. Washington, D.C. – Today, the Federal Housing Finance Agency (FHFA) announced changes to loan modification terms for COVID-19 impacted … WebJul 23, 2024 · The Flex Modification (Flex) capitalizes all past due amounts, extends the mortgage up to 40 years and in some cases lowers the interest rate and provides for … WebJan 19, 2024 · The Federal Housing Finance Agency regulates Fannie Mae, Freddie Mac and the 11 Federal Home Loan Banks. These government-sponsored enterprises provide more than $8.1 trillion in funding for the U.S. mortgage markets and financial institutions. Additional information is available at www.FHFA.gov, on Twitter @FHFA, YouTube, … peach linen curtains