Freddie Mac speeds up availability of streamlined loan mods

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Designed to simplify the financing process for new home buyers, eliminating the need to obtain both a construction loan and permanent mortgage, AFR Wholesale’s streamlined. speeds up the loan.

If you’ve been unable to refinance your mortgage or get a loan modification. t have an FHA or VA mortgage recast (although streamlined refinancing is available on both for borrowers who have kept.

Ellie Mae has added functionality in support of Freddie Mac. Loan Product Advisor, available through Encompass today. Automated income and asset assessment helps lenders automate their collection,

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Streamlined Loan Modification Program Frequently Asked Questions: Important Bulletin: December 14, 2016 – In Single-Family seller/servicer guide (guide) bulletin 2016-22 [PDF], Freddie Mac announced the new Freddie Mac Flex Modification, which is designed to offer you an easier, flexible way of helping more borrowers qualify for a loan modification in a changing housing environment.

If you’re more than 90 days behind on your mortgage, Fannie Mae and Freddie Mac consider your loan to be in severe risk of foreclosure. That’s the end result Flex Modification aims to avoid. In those instances, there’s a streamlined version of Flex Modification that doesn’t require.

If you have a Fannie Mae or Freddie Mac owned loan and have fallen behind in payments (90+), then a FHFA streamline modification may be a way to lower your payments through a combination of longer term and/or lower interest. If you have a hardship, then make sure your evaluate a HAMP loan modification.

Federal Housing Finance Agency (FHFA) director James Lockhart announced on Tuesday that the FHFA, along with Fannie Mae and Freddie Mac, would be adopting a new, streamlined approach to loan.

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Freddie Mac announced its Low-Income Housing Tax Credit Moderate Rehabilitation loan execution, called LIHTC Mod Rehab, in late February. An enhancement to the company’s Multifamily Affordable Forward Commitment Product, the new program provides upfront financing for moderate rehab of properties.

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