I'm looking for help/suggestions dealing with Fannie on a predatory loan. The borrowers took out an 80/20 back in the day and both notes are interest only ARMs & they've been paying on them for 9+ years.

Because their credit isn't bad, Fannie is requesting a 10yr prom note for 17% of the loan balance.  I've been scouring the servicing guidelines and can't find anything about crappy loans like this other than they may have been eligible for HARP at some point.

Any suggestions on how to fight back?  I'd love something from their own playbook to throw back at them.

thanks.