Regulators, GSEs Ramp Up Loan Modification Efforts
November 17, 2008
Federal regulators have rolled out broader and more streamlined loan modification programs to either expand or speed up efforts to stem declining housing prices and rising foreclosures. Last week, federal regulators announced a new loan modification program to be undertaken by Fannie Mae, Freddie Mac and other participating investors. The “Streamlined Modification Plan” will use a...