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FANNIE MAE STREAMLINES MORTGAGE MODIFICATION PROGRAMS

Via brokerforyou.com:

Fannie Mae recently announced the Streamlined Modification Program (SMP) is now available to Fannie Mae servicers and borrowers as an option to help prevent foreclosures. The SMP enables services to change the terms of a loan to reduce a borrower's monthly mortgage payment, including taxes, insurance, and HOA dues, to an amount equal to 38 percent of the borrower's gross monthly income. *To view the full post, please visit the San Diego Ca real estate blog.

Posted by Downtown San Diego real estate Jared Schwartz, Real Estate agent on 01/09/2009 12:43 PM

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