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:
[fa icon="clock-o"] Tuesday, April 19, 2016 [fa icon="user"] Maxwell Swinney [fa icon="folder-open'] loan modification, negative equity, fannie mae
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