In Announcement SVC-2010-15, Fannie Mae is updating forbearance plan requirements, revising borrower income eligibility guidelines for mortgage modifications, and reinforcing the availability of the Home Affordable Modification Program (HAMP) for FHA-insured mortgage loans. Although many of the topics included in this Announcement are the subject of Supplemental Directives 10-03 and 10-04 issued by the Treasury Department with respect to non-GSE loans, there are differences between the requirements imposed by the Treasury and Fannie Mae. Servicers must apply Fannie Mae's requirements to Fannie Mae mortgage loans as outlined in this Announcement and the Servicing Guide. These updates are effective immediately.
