Volume 2010 - Number 6
February 12, 2010
GSEs, Ginnie Mae Implement HAMP Documentation Changes Expected to Improve Conversion Rates
Fannie Mae, Freddie Mac and Ginnie Mae each issued separate directives to adopt recent changes in the Home Affordable Modification Program to loans backing their MBS, including a key change that borrower income has to be verified before a trial mod can be started. The idea is that collecting documents and completing verifications earlier in the loan mod process will improve the...
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