Freddie Mac Announces Streamlined Modification for Delinquent Borrowers

by Jan Steward on May 13, 2013



freddie-macOriginally scheduled to start on July 1, 2013, Freddie Mac is making the new Streamlined Modification Program available immediately to eligible borrowers.  The program is designed to expedite financial relief for potentially thousands of distressed families, nationally.

As a two-year incentive program, Streamline Modification offers the same terms and incentives as the Freddie Mac Standard Modification; intended for borrowers who are at least 90-days delinquent on their mortgage payments.  Streamlined Modification offers slightly different eligibility requirements and a faster modification process. For borrower eligibility and property types included in the program, go to:

http://www.freddiemac.com/singlefamily/service/streamlined_modification.html

Read the media release, May 13, 2013, http://freddiemac.mwnewsroom.com/press-releases/freddie-mac-announces-immediate-availability-of-st-otcqb-fmcc-1016808


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Jan Steward

Jan Steward brings a wealth of experience to the Arizona Association of REALTORS® as the manager, risk management. She is a former title company manager and escrow officer with paralegal training. As a REALTOR® and broker, Jan served the Northern Arizona Association of REALTORS® (NAAR) as board president, vice-president, director, MLS chair, delegate to NAR’s national convention and a member of the Professional Standards and Grievance Committees. Jan was honored as REALTOR® of the Year by NAAR. She also has served on AAR's Professional Standards Committee and a variety of ad hoc committees.

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