June 30, 2021

Lender Letter LL-2021-07 – COVID-19 Payment Deferral and Fannie Mae Flex Modification for COVID-19 Impacted Borrowers

The update adjusts the terms for a Flex Modification with reduced eligibility criteria for COVID-19 impacted borrowers to provide an opportunity to reduce their interest rate, regardless of the mortgage loan’s mark-to-market loan-to-value ratio.

Download Lender Letter