Mortgage Servicing and Loan Modifications: 7.3.1.4 General Eligibility Requirements for the Flex Modification
To be eligible for a Flex Modification a borrower who resides in the subject property must be sixty days or more delinquent or “in imminent default.”82 Flex modifications are available for borrowers who are sixty or more days delinquent for second homes, as well as for investment and vacant properties.83