Important Information Regarding Your Federal National Mortgage Association (Fannie Mae) Loan Modification
If you have a mortgage owned by Fannie Mae and you have had a prior loan modification, you may be able to get a better payment plan starting in October 2017.
This program will apply to people who are current with their payments, or in default. Those who apply may be eligible for a 20% reduction in principal and interest payment.
Not Sure If Your Loan is Owned By Fannie Mae?
Fannie Mae’s website has a Loan Lookup tool that can help you find out whether your loan is owned by Fannie Mae.
More information will be coming about this program in the near future. Contact Ira Metrick to discuss your loan modification options.