Streamlined Loan Modification Now Available

Last week Fannie Mae announced that the Streamlined Modification Program (SMP) would now be available to borrowers. This is program is part of ongoing effort by the GSE to prevent foreclosures. Borrowers of course need to know of the rules and requirements to participate in the program. Tammy over at the Arizona Mortgage Team blog has done a nice job putting all this information in one place: Under the Streamlined Loan Modification Program, your mortgage and escrow payments can be cut to 38

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