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2. Mortgage loan modification: What it is and how to get one - AOL

   www.aol.com/finance/mortgage-loan-modification...

   Conventional loan modification: If you have a conventional mortgage backed by Fannie Mae or Freddie Mac, you might be eligible for the Flex Modification program, which can reduce your monthly ...

3. Loan modification in the United States - Wikipedia

   en.wikipedia.org/wiki/Loan_modification_in_the...

   Fannie Mae's foreclosure prevention efforts have generally been made available to a borrower only after a delinquency occurs. Under Fannie Mae's new guidance, loan servicers can use foreclosure prevention tools to assist distressed borrowers when a borrower demonstrates the need. As noted above, these guidelines apply to borrowers who are still ...

4. Flex Modification Program (FMP): Everything you need to know

   www.aol.com/finance/flex-modification-program...

   For starters, Fannie Mae or Freddie Mac must own your loan, which means it must be a conventional loan. If you have a government-backed loan like an FHA, VA or USDA loan, those programs have ...

5. Fannie Mae - Wikipedia

   en.wikipedia.org/wiki/Fannie_Mae

   The Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, is a United States government-sponsored enterprise (GSE) and, since 1968, ...

6. Real estate owned - Wikipedia

   en.wikipedia.org/wiki/Real_estate_owned

   Real estate owned, or REO, is a term used in the United States to describe a class of property owned by a lender—typically a bank, government agency, or government loan insurer—after an unsuccessful sale at a foreclosure auction. [1]

7. Is It Smart to Buy a Foreclosed Home? Weighing the Pros & Cons

   www.aol.com/smart-buy-foreclosed-home-weighing...

   The closest is Fannie Mae’s HomePath ReadyBuyer program, outlined above. Freddie Mac offers a similar program through HomeSteps to sell off its REO properties.

8. Freddie Mac - Wikipedia

   en.wikipedia.org/wiki/Freddie_Mac

   Several executives of Fannie Mae or Freddie Mac include Kenneth Duberstein, former Chief of Staff to President Reagan, advisor to John McCain's Presidential Campaign in 2000, and President George W. Bush's transition team leader (Fannie Mae board member 1998–2007); [65] Franklin Raines, former Budget Director for President Clinton, CEO from ...

9. REO to Rental: Fannie Mae Dips Further Into Foreclosure Pool

   www.aol.com/news/2012-03-01-reo-to-rental-fannie...

   Fannie Mae waded further into the foreclosure pool on Monday as it released new details on its plan to sell its repossessed homes as rental properties. The pilot program, first announced in August ...