Fannie: OK To Modify Non-Delinquent Mortgage Loans
- In a move likely to be echoed by Freddie Mac, and perhaps a blueprint for changes in the private-party mortgage market, housing finance giant Fannie Mae said late Monday that it had taken a series of steps to allow servicers to intervene in troubled mortgages before a borrower becomes delinquent, the latest in a series of changes at the GSEs designed to help head off a flood of residential mortgage defaults.
For more, see Servicers Can Modify Current Loans, Fannie Mae Says.
See also, Reuters: Fannie Mae removes obstacles to loan modifications.
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