Items Tagged with 'Flex Modification foreclosure prevention program'


  • Here are tips on how to adopt HAMP's mortgage modification replacement

    Goodbye wild west, hello loan ranger
    [Commentary] Prior to the 2007 crisis, custom mortgage loan modifications were offered in certain cases, but they were left to the discretion of the loan servicer. Then the crisis hit. Now, however, the industry has stabilized, the challenge is to provide affordable mortgage relief, while enhancing the customer experience and differentiating a company’s brand. Here’s how this can be done.
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  • Fannie, Freddie replace HAMP with new foreclosure prevention program

    Say hello to the Flex Modification foreclosure prevention program
    Fannie Mae and Freddie Mac finally revealed a program on Wednesday that will replace the Home Affordable Modification Program. The government sponsored enterprises announced the Flex Modification foreclosure prevention program, which is designed to help America’s families by offering reductions to their monthly mortgage payments.
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