What are Fannie Mae's loan modification options?

Fannie Mae offers various loan modification options to help homeowners avoid foreclosure and make mortgage payments more manageable. These options include the Flex Modification program, which simplifies the process by offering a comprehensive solution with flexible terms and affordable payments. Another option is the High LTV Flex Modification for borrowers with high loan-to-value ratios. Fannie Mae also provides modification options for homeowners facing imminent default or those affected by natural disasters. The Home Affordable Modification Program (HAMP) is available for eligible borrowers seeking a modification solution accepted by Fannie Mae. Additional alternatives like repayment plans and forbearance may be available depending on individual circumstances. It is recommended to contact a Fannie Mae-approved mortgage servicer to discuss the specific loan modification options suitable for one's situation.