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News You Can Use

 

Keep up with the latest mortgage industry news with these informative links:


http://www.mortgageservicingnews.com/
http://www.nationalmortgagenews.com/
http://www.mortgage-technology.com/
http://www.mbaa.org/ResearchandForecasts/
https://www.hmpamin.com/portal/index.html



Too many news alerts, ebulletins and emails?

I read, sort and filter through all the mortgage critical material published daily, so you don't have to - must read posts are below...
                                       

                  

New ALT MOD

Fannie Mae logo  Fannie Mae Alternative Modification™ (Alt Mod™) to HAMP 

 

Fannie Mae's new Alternative Modification to the Home Affordable Modification Program is for borrowers who were accepted into a Home Affordable Modification Program trial period plan but were subsequently denied a permanent modification because of eligibility restrictions. 

 

This applies to all mortgage loans in active HAMP trials initiated prior to March 1, 2010.

 

To help servicers better understand Alt Mod, a servicer FAQ has been developed to complement the Lender Letter. Additionally, borrower-focused documentation -- including a servicer script, sample letters, FAQs, and related documents -- now available to help servicers communicate this solution to borrowers. All are posted on the Alternative Modification page on eFannieMae.com.

 

  • Lender Letter LL-2010-04, Fannie Mae Alternative Modification™ to the Home Affordable Modification Program (Alt Mod™)

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