This 2-hour webinar introduces Freddie Mac's Streamlined Modification initiative. This initiative is designed to provide a modification opportunity for borrowers who are at least 90 days delinquent. This webinar examines the streamlined eligibility and key underwriting requirements for this initiative.
Working knowledge of Freddie Mac's Standard Modification program is recommended.
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 emailed to you prior to the start of the session.
Learn and apply knowledge about the qualifications and requirements to pursue the Streamlined Modification that can help to reduce costs and keep eligible borrowers in their homes.
Solicitation and process timelines
Borrower, property and mortgage eligibility requirements
Determining eligibility for a Trial Period Plan and estimated modified terms, including post-modification mark-to-market loan-to-value ratios less than 80%
Borrower Evaluation Notice
When to convert from a Streamlined Modification to a Home Affordable Modification Program (HAMP)