Fannie Mae’s 2009 Revision to Their Loan Modification Efforts - Part 2
Fannie Mae revised their loan modification guidelines on April 21, 2009. Their main emphasis is to help people facing foreclosure through the Making Home Affordable Modification program. If a person does not qualify for a modification under that program, Fannie Mae looks at their case and determines if their financial hardship would be classified as temporary or long term. This is the second of three articles on Fannie Mae’s revised guidelines. Here we look at the type of help Fannie Mae will offer people who have a temporary hardship.
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