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Foreclosure and Loan Modification Blog

UPDATE: Fannie Mae to Allow Principal Reducing Loan Modifications

Fannie Mae has announced the Fannie Mae Principal Reduction Modification Program to "assist seriously delinquent underwater borrowers to recover from home value depreciation experienced as a result of the housing crisis."We posted a blog yesterday stating that loan modifications that reduced principal for borrowers with loans insured by Fannie Mae and Freddie Mac were being considered by their regulator, the Federal Housing Finance Authority (FHFA). Since then, Fannie Mae has announced the Fannie Mae Principal Reduction Modification Program. According to their website:

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Amerihope Alliance Legal Services is a leading loan modification and foreclosure defense law firm with attorneys licensed in 5 states. We have helped over 7,000 homeowners fight back and keep their homes.

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Our goal is to provide valuable information to help homeowners who are trying to obtain a loan modification or to stop foreclosure. You may schedule a free consultation at any time.

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