FHFA Lowers Bar for Distressed Borrowers Seeking Loan Modifications

June 30, 2021

National Mortgage News, June 30, 2021–Bonnie Sinnock (subscription)
The Federal Housing Finance Agency on Wednesday eliminated the requirement for distressed borrowers to have a current, market-rate loan-to-value ratio of 80% or higher before obtaining a type of loan modification offered by two government-sponsored enterprises.
https://www.nationalmortgagenews.com/news/fannie-mae-freddie-mac-lower-bar-for-flex-modifications-of-mortgages