DSNews.com roundup
June 29th, 2010
From DSNews.com:
Fannie Mae Adopts New Rules for Pre-Mod Income Verification
A general practice of servicers today is to consider borrowers for a standard Fannie Mae mortgage modification based solely on the homeowners' verbal statement of their financial information. But that's about to change. The GSE has issued new servicing guidelines stating that effective July 15, 2010, all servicers ...
Fannie Mae Adopts New Rules for Pre-Mod Income Verification
A general practice of servicers today is to consider borrowers for a standard Fannie Mae mortgage modification based solely on the homeowners' verbal statement of their financial information. But that's about to change. The GSE has issued new servicing guidelines stating that effective July 15, 2010, all servicers ...
