(DAILYHERALD) — Hundreds of thousands of owners who are behind on their mortgage can now qualify for an automatic reduction in their payments — without providing tons of financial information and other paperwork.
Q. We are behind on our mortgage payments and have heard that the government has launched another program to help owners like us. Do you know anything about it?
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A. Yes. Called the Streamlined Modification Initiative, it was launched earlier this month and is expected to help hundreds of thousands of homeowners across the nation whose loans are owned by financial giants Fannie Mae or Freddie Mac.
