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Fannie: OK To Modify Non-Delinquent Mortgage Loans

By r morris

Housing Wire reports: In a move likely to be echoed by Freddie Mac, and perhaps a blueprint for changes in the private-party mortgage market, housing finance giant Fannie Mae said late Monday that it had taken a series of steps to allow servicers to intervene in troubled mortgages before a borrower becomes delinquent, the latest in a series of changes at the GSEs designed to help head off a flood

Full post as published by The Home Equity Theft Reporter on December 09, 2008 (boomark / email).