“Alt Mod” – Fannie Mae’s Alternative Modification to the Home Affordable Modification Program

Here we go again… “A principal write-down or principal forgiveness is prohibited on Fannie Mae mortgage loans”. Fannie Mae’s Alternative Modification to the Home Affordable Modification Program Introduction In Announcement SVC-2010-03, Home Affordable Modification Program – Program Update and Resolution of Active Trial Modifications, servicers were instructed how to resolve active trial modifications under the … Read more