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29 maj 2024 · The enhanced Flex Modification policies will become effective on December 1, 2024. Fannie Mae's Flex Mod Announcement. Freddie Mac 's Flex Mod Announcement. ###. The Federal Housing Finance Agency regulates Fannie Mae, Freddie Mac, and the 11 Federal Home Loan Banks.
27 mar 2013 · – The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac will offer a new, simplified loan modification initiative to minimize losses and to help troubled borrowers avoid foreclosure and stay in their homes.
15 lip 2024 · The proposed effective date for most of the provisions is 12 months after publication of the final rule in the Federal Register. The proposed effective date for the language access requirements is 18 months after publication of the final rule.
Proposed effective date: Generally, 12 months after publication of the final rule in the Federal Register, except for the proposed language access requirements , which would become effective 18 months after publication in the Federal Register. The CFPB also seeks comment on early compliance. Comments due: September 9, 2024. Available at:
9 mar 2023 · On Wednesday, March 8, 2023, the Federal Housing Administration (FHA) announced its final rule to increase the term of a loan modification to 480 months (40 years). The rule permits lenders to provide an extended modification to borrowers after a default episode to assist in avoiding foreclosures.
– Today, the Federal Housing Finance Agency (FHFA) announced changes to loan modification terms for COVID-19 impacted borrowers with mortgages backed by Fannie Mae or Freddie Mac (the Enterprises) needing payment reduction for successful home retention.
The Fannie Mae Flex Modification offers eligible homeowners mortgage payment relief by extending the term to 480 months and targeting a 20% principal and interest reduction. The modification may also result in a lower interest rate.
