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WebMar 8, 2024 · Fannie Mae has agreed that it is not in its best interests to pursue collection efforts or legal actions against the borrower because of a reduced value for the … WebMar 8, 2024 · Fannie Mae’s workout option hierarchy provides several options for resolving the delinquency if the borrower can’t afford a reinstatement, including a repayment plan, a COVID-19 payment deferral, and a Fannie Mae Flex Modification. Q14. What is the difference between a forbearance plan and a COVID-19 payment deferral? Web• Submit the payoff quote to Fannie Mae at least ten (10) Business Days before the scheduled prepayment date. • Do not quote a final payoff amount to the Borrower without first obtaining Fannie Mae’s confirmation of the accuracy of the final payoff amount and all related figures. Payoff Quote Best Practices: cinema hd watch