The Program For the past several weeks the Minnesota Home Ownership Center has been piloting an innovative program with Fannie Mae that offers a new and more efficient way for Minnesota homeowners with Fannie Mae loans to access assistance. This program, known as the Fannie Mae Partnership, builds on the strengths of the Homeownership Advisors Network (statewide counseling network) and maximizes the relationships Fannie Mae has with servicers. Dedicated Fannie Mae staff that office at the Minnesota Home … [Read more...]
Freddie Mac Video on Preparing for a Mortgage Loan Modification
Freddie Mac has released a 2 minute video with suggestions on what you will need to provide for a mortgage loan modification request. If you have everything prepared beforehand, the process will be quicker and smoother than if you do not prepare. As mortgage modifications can take weeks or months to complete, having everything upfront helps reduce delays. … [Read more...]