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New modification program offers simplicity and certainty

January 23, 2017

Fannie Mae announced details last month on its new modification program, which it developed jointly with Freddie Mac at the direction of the Federal Housing Finance Agency.

Fannie Mae Flex Modification combines features of HAMP (Home Affordable Modification Program), which ended at the close of 2016, and Fannie Mae’s Standard and Streamlined Modification programs, which will conclude in October 2017. The Fannie Mae Flex Modification aims at replacing these expiring programs.

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