Fannie, Freddie replace HAMP with new foreclosure prevention program

After alluding to a new program to replace the Home Affordable Refinance Program back in August, Fannie Mae and Freddie Mac finally revealed what that program will look like on Wednesday. The government sponsored enterprises announced the Flex Modification foreclosure prevention program, which is designed to help America’s families by offering reductions to their monthly #mortgage payments. ❤️ #share #mortgage