The Flex Modification program helps homeowners experiencing financial hardship, allowing them to avoid foreclosure. The program can reduce payments by up to 20 percent and extend loan terms. The Flex ...

Fannie Mae and Freddie Mac on Wednesday announced an update to one of their loss-mitigation solutions known as Flex Modification. The government-sponsored enterprises (GSEs) are now targeting a 20% ...

* Fannie Mae says the modification leverages components of co's home affordable modification program and Fannie Mae standard and streamlined modifications * Flex modification is expected to provide a ...

This article was first published on NerdWallet.com. If you’re struggling to make your monthly mortgage payment, Fannie Mae and Freddie Mac have a new loan modification program so your home stays out ...