Fannie Mae Widens Unemployment Forbearance Powers for Mortgage Servicers

June 4, 2014
Housing Wire 
mortgage lending news
Servicers using Fannie Mae's Unemployment Forbearance program no longer need the mortgage financier's approval to grant relief to recently unemployed borrowers who are imminent danger of default.

While the updated guidelines give servicers greater autonomy, the initiative's other requirements -- including a limit of six months on the forbearance period -- remain in place.









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