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fannie mae loan modification

Fannie Mae Deed for Lease: Rental Policy FAQ’s

by Moe Bedard

Deed for Lease™ (D4L) – Frequently Asked Questions
Q1.What are the terms of the lease?
Fannie Mae will offer lease terms of up to 12 months at market rates.

Q2. How are investor properties with tenants handled?
Once the servicer determines that a borrower is eligible for deed-for-lease consideration, the servicer will discuss the possibility of a D4L with [...]

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Fannie Mae Deed for Lease Program Allows Homeowners to Rent Back

by Moe Bedard

WASHINGTON, DC — Fannie Mae (FNM/NYSE) is implementing the Deed for Lease™ Program under which qualifying homeowners facing foreclosure will be able to remain in their homes by signing a lease in connection with the voluntary transfer of the property deed back to the lender.

“The Deed for Lease Program provides an additional option for qualifying [...]

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FHFA Reports Fannie Mae and Freddie Mac Foreclosure Prevention Efforts for May

by Moe Bedard

From the FHFA: Washington, DC – Federal Housing Finance Agency  Director James B. Lockhart today released FHFA’s latest Foreclosure Prevention Report detailing actions taken by Fannie Mae and Freddie Mac to prevent unnecessary foreclosures and keep people in their homes. The report includes loan modification data under FHFA’s Streamlined Modification Program, which was initiated in [...]

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Fannie Mae cuts jobs in mortgage division as they add jobs to combat foreclosures

by Moe Bedard

Fannie Mae  is cutting hundreds of local jobs at its Washington headquarters as it adds workers to combat foreclosures.
Fannie said it’s cutting jobs in its communications, technology and single-family homes divisions and adding staff to its Dallas division where Fannie Mae operates their foreclosure prevention and loss mitigation efforts. The job reductions in Washington are [...]

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Fannie Mae Gets Foreclosures and Rentals Right

by Moe Bedard

“Renters in foreclosed properties have often been a casualty of the foreclosure crisis the country is facing,” said Michael Williams, chief operating officer of Fannie Mae. “This policy will allow qualified renters to remain in Fannie Mae-owned properties should they choose to do so, mitigate the disruption of personal lives that foreclosures can cause, and help bring a measure of stability to communities impacted by high foreclosure rates.

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Fannie Mae Finally Gets Loan Modification Friendly

by Moe Bedard

It looks like Fannie Mae is finally implementing stronger loan modification methods and starting to progress with the foreclosure prevention times by implementing their new “Stream Lined Loan Modification Program” or (SMP).
Read the Fannie Mae Guidelines here

What does this mean “only” to Fannie Mae borrowers?
Key changes are that Fannie Mae mortgage servicers will now [...]

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