January 18, 2011 / 2:00 PM / in 7 years

US housing regulator considers easing loan modifications

WASHINGTON, Jan 18 (Reuters) - The regulator for Fannie Mae FNMA.OB and Freddie Mac FMCC.OB said on Tuesday it was considering new ways for mortgage servicers to be compensated in order to make it easier to modify loan terms for struggling homeowners.

“As the recent problems in managing mortgage delinquencies suggest, the current servicing compensation model was not designed for current market conditions,” Edward DeMarco, acting director of the Federal Housing Finance Agency, said in a statement. (Reporting by Corbett Daly, Editing by David Storey)

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