Fannie Mae Issues Lender Letter LL-2016-02

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.

Click here to view the Fannie Mae Lender Letter

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