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Fannie Mae's standard approval is for the sale and/or servicing of single-family loans (excluding loans delivered under a negotiated contract). Seller/servicers must obtain special approval to sell and/or service certain loans with unique requirements.
Fannie Mae Form 1009 05/2004. Page 1of 4. Residential Loan Application for Reverse Mortgages. This application is designed to be completed by the applicant(s) with the lender's assistance. Applicants should complete this form as \u201cBorrower\u201d or \u201cCo-Borrower\u201d, as applicable.
Required Paperwork Application. The first thing you'll need to complete a loan modification is your mortgage lenders application. ... Paystubs. ... Signed IRS form 4506-T or 4506-EZ. ... Two Most Recent Bank Statements. ... Investment Statements. ... Monthly Bills. ... Divorce Decree or Separation Agreement (if applicable) ... Hardship Letter.
A "loan modification" is a written agreement that permanently changes the promissory note's original terms to make the borrower's mortgage payments more affordable. A modification typically lowers the interest rate and extends the loan's term.
FNMA Federal National Mortgage Association (FNMA) (Fannie Mae) Forms in Word.
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The Federal National Mortgage Association (FNMA), typically known as Fannie Mae, is a government-sponsored enterprise (GSE) founded in 1938 by Congress during the Great Depression as part of the New Deal.
A loan modification is a change to the original terms of your mortgage loan. Unlike a refinance, a loan modification doesn't pay off your current mortgage and replace it with a new one. Instead, it directly changes the conditions of your loan.
FNMA Federal National Mortgage Association (FNMA) (Fannie Mae) Forms in Word.
Required Paperwork Application. The first thing you'll need to complete a loan modification is your mortgage lenders application. ... Paystubs. ... Signed IRS form 4506-T or 4506-EZ. ... Two Most Recent Bank Statements. ... Investment Statements. ... Monthly Bills. ... Divorce Decree or Separation Agreement (if applicable) ... Hardship Letter.
Homebuyers must also meet minimum credit requirements to be eligible for Fannie Mae-backed mortgages. For a single-family home that is a primary residence, a FICO score of at least 620 for fixed rate loans and 640 for adjustable rate mortgages (ARMs) is required.

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