Fannie Mae issued Lender Letter LL-2016-02. This Lender Letter announces the Fannie Mae Principal Reduction Modification. The Fannie Mae Principal Reduction Modification offers principal reduction and targets mortgage loans with negative equity that are at least 90 days delinquent as of March 1, 2016, and meet certain eligibility requirements.
FHA
FHA Waives Early Payment Default Review Requirements for Properties Impacted by California Wildfires
FHA issued a waiver regarding early payment default review requirements for properties impacted by the California wildfires. FHA currently requires lenders to select all early
April 2, 2025
