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Are You Ready for the Freddie Mac Flex Modification® on October 1?

September 5, 2017

Are you ready to start evaluating borrowers for a Freddie Mac Flex Modification® Trial
Period Plan?

Last December, we announced the new Flex Modification, which offers you an easier, flexible way to help borrowers qualify for a loan modification in a changing housing environment.

Now, we're posting this reminder since fall is around the corner and you must begin evaluating borrowers for the Flex Modification no later than October 1, 2017. On and after October 1, 2017, you may no longer evaluate borrowers for Freddie Mac Standard and Streamlined Modifications.

Two Ways to Prepare

To help you get ready and make your process as smooth and efficient as possible, we've:

  • Added training to provide upfront guidance and processing tips to help you achieve a successful settlement. Register now for an introductory Flex Modification webinar.
  • Updated Workout Prospector® so you can submit data relating to Flex Modification Trial Period Plans now. Please reference the Workout Prospector Users' Guide and register now for a Flex Modification processing tutorial.

For More Information