Freddie Mac Standard Modification
October 2, 2017 – Please note that Servicers are no longer able to evaluate borrowers for Freddie Mac Standard and Streamlined Modifications.
Last December, we announced the Freddie MacFlex Modification®, which offers you an easier, flexible way to help borrowers qualify for a loan modification in a changing housing environment. Since then, we’ve sent you reminders and updates to prepare you for the October 1 mandatory evaluation date.
Now that you’ve begun evaluating borrowers for Flex Modification Trial Period Plans, we offer the following resources to make your evaluations as smooth as possible going forward.
Flex Modification Resources
- Training provides guidance and processing tips to help you achieve a successful settlement. Register now for a Flex Modification webinar.
- Workout Prospector® allows you to submit data relating to Flex Modification Trial Period Plans. Please reference the Workout Prospector Users’ Guide and register now for a Flex Modification processing tutorial.
- Flex Modification FAQ
- Flex Modification Fact Sheet
- Flex Modification reference guide, and term sheet