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Servicing Notice: Revisions to Fannie Mae Loan Modification Agreement

On June 20, 2012, Fannie Mae published a Servicing Notice that contains a revision to its Loan Modification Agreement (Form 3179) that includes a line for the date of the lender's signature.  Fannie Mae is encouraging servicers to begin using the updated Form 3179 for all modifications that have Trial Period Plans beginning on or after the date of this Notice; otherwise, the servicer must include the date of the lender’s signature on the old form.  In any case, the updated Form 3179 must be used for all Trial Period Plans, dated on or after September 1, 2012.

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