Freddie Mac has launched a new streamlined modification program for delinquent borrowers. The streamlined modification program had originally been scheduled to start on July 1.

According to the government-sponsored entity, the early launch is intended to add momentum to the housing recovery by giving distressed borrowers more options to avoid foreclosure.

The program allows eligible delinquent borrowers to obtain permanent mods simply by making the three trial period payments on time. No borrower documentation is needed.

The program had earlier been available to Hurricane Sandy victims. Under the streamlined modification program, servicers are required to send modification offers to borrowers who are at least 90 days, but no more than 720 days, delinquent on mortgages that are at least 12 months old and meet other eligibility criteria.

The streamlined modification offers the same mortgage terms as Freddie Mac’s standard modification, which enables servicers to reduce monthly mortgage payments by adjusting interest rates, extending payment terms to 40 years, and, in certain cases, provide principal forbearance.