Freddie Mac Flex Modification Reference Guide
Freddie Mac Flex Modification Reference Guide January 2022 January 2022 Freddie Mac Learning Page i Freddie Mac Flex Modification Reference Guide Eligibility Requirements for Flex Modifications ........................................ ........................................ ...............................2 Exclusions ........................................ ........................................ ........................................ ........................................ ....4 Exceptions ........................................ ........................................ ........................................ ........................................ ....5 Soliciting the Borrower for a Flex Modification .
P&I payment that is less than or equal to the pre-modification P&I payment. − If the mortgage being modified is an adjustable-rate mortgage or an interest only mortgage, you must consider the monthly payment due (whether that payment due is a P&I payment or an interest-only payment) in effect at the time you
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