Transcription of Freddie Mac Flex Modification Reference Guide
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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 ..5 Streamlined Offer for Flex Evaluating the Borrower for a Flex Modification ..6 Documentation Requirements for Flex Modifications ..7 Determine the Post- Modification MTMLTV Ratio ..7 Flex Modification for Borrowers with a COVID-19 Related Hardship ..8 Determine Eligibility for a Flex Modification Trial Period Plan Based on Estimated Modification Terms: Borrowers with a COVID-19 Related Hardship ..8 Determine Eligibility for a Flex Modification Trial Period Plan Based on Estimated Modification Terms: Post- Modification MTMLTV Ratio Greater than or Equal to 80 Percent.
the current term of the lease (or applicable renewal options) terminates earlier than five years after the maturity date of the proposed modified mortgage, the term of the ... such as a forbearance or repayment plan . August 2021 Freddie Mac Learning Page 5 Freddie Mac Flex Modification Reference Guide
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