What documentation is needed for hardship assistance?
Borrowers may need to provide income statements, expense details, hardship explanations, and other financial documents. Freddie Mac requires servicers to collect sufficient information to determine the most appropriate assistance option.
Related FAQs
- Can borrowers receive multiple hardship assistance options?
- What is a streamlined modification?
- Why do servicers monitor borrower performance after assistance?
- What is a hardship review?
- Can I get assistance after a natural disaster?
- What is a loan modification?
- How do servicers evaluate hardship requests?
- What should I do if I can’t make my mortgage payment?
- Does Freddie Mac offer hardship assistance?
- What is mortgage forbearance?
- Do I have to repay missed payments after forbearance?
- What is payment deferral?