flex modification: HAMP is out what other options now?
- 01/26/17 10:55 AM
FLEX MODIFICATION Fannie Mae and Freddie Mac have announced the replacement to HAMP, it will be called Flex Modification, and is designed to help homeowners Stay in their home and avoid foreclosure while a work out plan is put together. The good news is the Flex Modification has been changed and updated to incorporate needs changes that were learned working with the old programs. The new program should work smoother as Lenders, Fannie, Freddie and Consumer Advocates all worked together to smooth out some of the wrinkles. This should save Homeowner, Lenders and the Tax Payers money in the long run.