Fannie Mae’s Streamline Loan Modification
Fannie Mae just published their guidelines on streamline loan modifications. It is very interesting and smart. They adjust your payment for a 3 month trial period. The key highlights are on page 2 of the link below. You have to set up a new escrow account and any shortage will be funded by the loan servicer.
https://www.efanniemae.com/sf/guides/ssg/annltrs/pdf/2008/0833.pdf
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