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FHFA Authorizes FNMA & FHLMC Mortgage Principal Reduction

Good News! FHFA Authorizes Principal Reduction for GSE Loans  Thursday, April 14, 2016 - 5:29 PM MND News WireMND News Wire reports that an estimated 33,000 delinquent Fannie Mae and Freddie Mac (GSE) borrowers may be eligible for a new one-time principal reduction program that could help them avoid foreclosure of their homes.  The Federal Housing Finance Agency announced on Thursday it was offering the opportunity, ending years of refusals to permit such modifications of GSE loans.To be eligible for the new Principal Reduction Program borrowers must be both seriously delinquent an...

April 15th, 2016 | Government Loan Help, FHFA Authorizes FNMA & FHLMC Mortgage Principal Reduction

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