Fannie Mae Launches Early Workout Program for At-Risk Mortgages, Expands Forbearance Options
December 11, 2008
Fannie Mae this week announced a new Early Workout program that will allow servicers to begin loan modification processes for at-risk borrowers even before the loan goes into default. The program, which is based on loan-by-loan analyses, serves as a complement to the new Streamlined Modification Program that both Fannie Mae and Freddie Mac are scheduled to launch next week...