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Freddie Mac Introduces Modification Comparison Job Aid

April 26, 2013

Freddie Mac offers a variety of modification opportunities to help borrowers stay in their homes. To help Servicers understand some key differences among the modification options available to borrowers, we have introduced the At-A-Glance: Freddie Mac Modification Comparison job aid. The job aid provides a concise, high-level, side-by-side summary of the following modifications:

• Home Affordable Modification Program
• Freddie Mac Standard Modification Program
• Freddie Mac Streamlined Modification Program

Servicers can quickly scan the job aid for information including:

• Key dates
• Delinquency Requirements
• Notable Eligibility/Ineligibility Requirements
• Solicitation and Documentation
• Modification Terms
• Servicing Technology Tools and Reporting
• Compensation

The At-A-Glance: Freddie Mac Comparison job aid is available on the Learning Center on the Loss Mitigation Resources Web page. Servicers should continue to refer to the terms of the Single-Family Seller/Servicer Guide (Guide) when evaluating a borrower for a modification.

The job aid will be updated as soon as possible when Freddie Mac modification requirements change, after such updates are made to the Guide.

If you have any questions, please contact your servicing account manager or 800-FREDDIE.