Fannie Mae loosens loan modification requirements
Fannie Mae, the largest provider of funding for U.S. residential mortgages, is easing some requirements on income documentation for borrowers to receive loan modifications
March 23, 2010 | Tconsoli | Comments 1 | Filed Under: Daily • Government • News • Wall Street • World
shlomo philipson | Mar 23, 2010 | Reply
reason for slow prosessing by providers is the fact that applications are shifted from one bank employee to another.
a recent example is a short sale application to capital one bank where the application so far has been handled by 5 different bank employees. quite a record.