Foreclosure Protection Program Springfield

Posted by Obsidian Home Solutions on January 15th, 2018

Fannie Mae and Freddie Mac announced Foreclosure Protection Program Springfield. The new foreclosure program Flex Modification will replace the existing program in late 2017. Two corporations developed FLEX at the direction of the FHA.

“The Flex Modification is an adaptive program that will allow us to continue to assist struggling homeowners in a changing housing environment, and simplify the process for servicers to deliver those solutions.”

Flex Modification is expected to provide a 20 percent payment reduction for eligible borrowers. That includes a high percentage of those who are at least 60 days delinquent. The Fannie, Freddie foreclosure protection program Springfield could be an option for those who are current or less than 60 days delinquent in certain situations.

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