Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.
New loan mod offerings from Fannie and Freddie
Fannie Mae and Freddie Mac issued coordinated press releases yesterday announcing a new Flex Modification offering for delinquent borrowers. According to a statement issued by Federal Housing Finance Agency Deputy Director Sandra Thompson, the new offering "was designed based on lessons learned from crisis-era loan modification programs to help borrowers stay in their homes and avoid foreclosures whenever possible." The Flex Modification, said Thompson, "also reflects input received over the course of extensive engagement with lenders, mortgage insurers, consumer advocates, and other stakeholders." Servicers of Fannie Mae and Freddie Mac loans have until October 1, 2017, to implement the new programs.
- Fannie Mae announcement
- Freddie Mac announcement
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