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Graphic Course: Web Conference TrainingFreddie Mac Streamlined Modification Program Graphic
       
  Description:    
  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.  
       
  Prerequisites:  
 
  • 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.
 
       
  Objectives:    
  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.  
       
  Topics:  
 
  • Solicitation and process timelines
  • Servicer Compensation
  • 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)
  • Determining the final modification terms
  • Electronic Default Reporting (EDR) requirements



Session times show Eastern Time zone