Act Now to Prevent Foreclosure
New Program Announced
The Federal Housing Finance Agency, the regulator of Fannie Mae and Freddie Mac, recently announced a new Streamlined Modification Program that is designed to help struggling borrowers avoid foreclosure by having Fannie Mae work with mortgage servicers to modify
loans into more affordable terms.
You may qualify if all of the following are true:
To achieve a more affordable mortgage payment, your loan servicer may:
What You Can Do Today
If you are about to fall behind, or have fallen behind on your mortgage payments, or if your loan has been referred to an attorney, the most important step you can take is to get help early from your mortgage lender, servicer, or housing counselor.
Here are important steps to take immediately:
You have more options if you act quickly. Now is the time to ask for help!