This 2-hour webinar introduces Freddie Mac's Standard Modification which provides borrowers who are 60 or more days delinquent or facing imminent default an option to resolve their delinquency and sustain homeownership. The Standard Modification's underwriting will enable Freddie Mac Servicers to evaluate financially distressed homeowners for a modification quickly and, if eligible, the borrower can achieve assistance and resolution faster.
Prerequisites:
This session is for employees of approved Freddie Mac Servicers only
Simultaneous access to the Internet to receive the visual presentation and a telephone to receive audio
Course materials will be e-mailed to attendees prior to the start of the session
Objectives:
Learn and apply knowledge about the qualifications and requirements to pursue the Standard Modification that can help to reduce costs and keep eligible borrowers in their homes.
Topics:
Effective dates to begin evaluations
Eligible borrower, mortgage and property types
Solicitation timelines and the Borrower Solicitation Package
Freddie Mac Standard Modification