Forward Servicing Subcategories · U.S. Dept of Housing and Urban Development

Loss Mitigation

Are Deed-in-Lieu (DIL) transactions reported to Consumer Reporting Agencies and the IRS as foreclosures?

Are FHA-insured mortgages subject to the Servicemembers Civil Relief Act (SCRA)?

Are Informal and Formal Forbearances eligible for loss mitigation incentive payments?

Are Mortgagees required to inspect properties during the Pre-Foreclosure Sale period?

Are Mortgagees required to terminate the FHA mortgage insurance upon completion of a Pre-Foreclosure Sale?

Are property inspections required for borrowers participating in a Special Forbearance (SFB)-Unemployment Agreement?

Are second homes and investment properties eligible for disposition under a Streamlined Pre-Foreclosure Sale (PFS)?

Are there Anti-Fraud requirements for a Pre-Foreclosure Sale (PFS) transaction?

Are there exceptions allowing an unoccupied property to be sold under the Standard Pre-Foreclosure Sale (PFS) option?

Are there exceptions that allow a Mortgagee to offer a Standard Deed-in-Lieu (DIL) to non-occupant borrowers?

Are Trial Plan Payments for FHA-HAMP mortgages to be applied or held in suspense during the Trial Plan period?

Can a scheduled foreclosure sale be canceled to initiate a Pre-Foreclosure Sale (PFS) marketing period?

Can arrearages be included in a Loan Modification or FHA-HAMP Partial Claim?

Can borrowers be terminated from participation in the Pre-Foreclosure Sale program for noncompliance?

Does FHA require approval to participate in the Pre-Foreclosure Sale (PFS) program?

Does FHA require Loan Modification or FHA-HAMP documents to be recorded?

Does HUD offer Borrowers monetary consideration if they satisfy the Deed-in-Lieu (DIL) Agreement requirements?

Does HUD permit any Loss Mitigation exceptions to Owner-Occupancy requirements?

Does the Mortgagee get an automatic extension to first legal if the Trial Payment Plan fails?

How are borrower cash reserve contributions calculated in a Standard Pre-Foreclosure Sale (PFS)?

How are payments to be applied for borrowers with a Special Forbearance (SFB)-Unemployment Agreement?

How do Mortgagees report Trial Payment Plans to FHA?

How does a Mortgagee get reimbursed for foreclosure-related fees due to foreclosure cancellation/suspension?

How does a Mortgagee request an extension for delivery of Partial Claim documents?

How does a Mortgagee request an extension of time to convey a property to HUD?

How long is the Mortgagee responsible for servicing FHA-HAMP Partial Claims?

How must Mortgagees respond to loss mitigation requests from FHA borrowers?

How often must Mortgagees review borrowers continued eligibility under Special Forbearance (SFB)-Unemployment Agreements?

Is a Non-Occupant Borrower eligible for Home Disposition Options or Forbearance?

Is a Partial Claim Note and Mortgage required for FHA-Home Affordable Modification Program (HAMP)?

Is a property title search required before approving the homeowner for participation in the Pre-Foreclosure Sale (PFS) program?

Is an incentive available to Mortgagees that successfully complete Loss Mitigation?

Is completion of a Deed-in-Lieu transaction reported in the Single Family Default Monitoring System (SFDMS)?

Is financial information required to evaluate an FHA borrower for loss mitigation?

Is loss mitigation help available for borrowers that failed their Trial Payment Plan?

Is the foreclosure timeframe extended if a borrower is terminated or fails to complete the Pre-Foreclosure Sale?

Is the Loss Mitigation Home Retention Priority Waterfall review required for the FHA-HAMP Option?

Is the Mortgagee required to obtain a Title Report for a Deed-in-Lieu (DIL) transaction?

Is there an incentive for borrowers who sell their home using the Pre-Foreclosure Sale (PFS) option?

Is there an incentive for Mortgagees that complete a Deed-in-Lieu (DIL) transaction?

May a borrower execute FHA-HAMP Loan Modification documents while the mortgage is in foreclosure?

May a Mortgagee postpone principal payments for Servicemembers?

May a Mortgagee request approval to offer the Deed-in-Lieu (DIL) option to a borrower who has more than one FHA-insured mortgage?

May a Mortgagee submit a variance request to use the Deed-in-Lieu (DIL) Option when a Corporation or Partnership owns the property?

May a Mortgagee submit a variance request to use the Pre-Foreclosure Sale (PFS) Option when a Corporation or Partnership owns the property?

May borrowers receive any cash from a FHA-HAMP Loan Modification?

May Mortgagees charge borrowers a fee for processing and recording an FHA-HAMP modification?

May the Mortgagee claim an incentive payment for a Pre-Foreclosure Sale (PFS)?

Must a permanent FHA-HAMP Option be offered to borrowers that complete a Trial Payment Plan?

Must foreclosure action be suspended during the Trial Payment Plan period?

Must foreclosure be canceled or suspended when a borrower executes a Special Forbearance (SFB) - Unemployment Agreement?

Must mortgagees complete an escrow analysis for a FHA-HAMP Loan Modification?

Must Mortgagees evaluate all defaulted FHA-insured mortgages for Loss Mitigation Options?

Must mortgagees report delinquency workouts in the Single Family Default Monitoring System (SFDMS)?

Must Mortgagees use the Loss Mitigation Home Retention Priority Waterfall for unemployed borrowers?

Must Mortgagees verify that delinquent FHA borrowers are not debarred, suspended, or ineligible to participate in the FHA Home Affordable Modification Program (FHA-HAMP)?

Must the borrower attempt to sell the property before using the Deed-in-Lieu (DIL) of Foreclosure option?

Must the borrower’s mortgage be in default to be considered for the Deed-in-Lieu (DIL) option?

Must the borrower’s mortgage be in default to be considered for the Pre-Foreclosure Sale (PFS) option?

Must the Mortgagee report the Pre-Foreclosure Sale (PFS) in the Single Family Default Monitoring System (SFDMS)?

Must the Principal, Interest, Taxes and Insurance (PITI) on the permanent FHA-HAMP Loan Modification be lower than the PITI for the Trial Payment Plan?

What action is needed when Mortgagees receive incomplete loss mitigation requests from FHA borrowers?

What are FHA Informal and Formal Forbearance Plans and when may they be offered by a Mortgagee?

What are FHA's requirements for Loss Mitigation Option Agreements?

What are HUD's Home Disposition Options?

What are the Borrower Eligibility requirements for the FHA-HAMP Option?

What are the disclosure requirements for a Deed-in-Lieu (DIL) transaction?

What are the disclosure requirements for Pre-Foreclosure Sale transactions?

What are the eligibility requirements for a Streamlined Pre-Foreclosure Sale for Servicemembers with Permanent Change of Station (PCS) Orders?

What are the FHA requirements for Deed-in-Lieu (DIL) Agreements?

What are the FHA requirements for Loss Mitigation Escalated Cases?

What are the Informal and Formal Forbearance reporting requirements?

What are the interest rate requirements for a FHA-HAMP Loan Modification?

What are the marketing period and initial listing period requirements for Pre-Foreclosure Sale (PFS) transactions?

What are the mortgagee’s requirements when considering a damaged property for the Pre-Foreclosure Sale option?

What are the Net Sale Proceeds requirements for a Pre-Foreclosure Sale transaction?

What are the Partial Claim Document delivery requirements for FHA-HAMP?

What are the Property List Price and Valuation requirements for Pre-Foreclosure Sales transactions?

What are the requirements for Evaluating Offers from real estate agents/brokers in a Pre-Foreclosure Sale (PFS) transaction?

What are the requirements for loss mitigation during bankruptcy proceedings?

What are the requirements for Loss Mitigation Telephone Contact collection efforts?

What are the requirements for real estate agents and brokers participating in PFS transactions?

What are the Sales Contract Review requirements for a Pre-Foreclosure Sale transaction?

What are the servicing Mortgagee’s closing and post-closing responsibilities in a Pre-Foreclosure Sale transaction?

What are the Streamlined Pre-Foreclosure Sale eligibility requirements?

What borrower actions result in a failed Trial Payment Plan?

What information must be included in the Notice to the Borrower after the Loss Mitigation Review?

What is a Standard PFS transaction and where are the eligibility requirements and imminent default criteria located?

What is a Trial Payment Plan Agreement and what are its requirements?

What is an Arms Length Pre-Foreclosure Sale (PFS) transaction?

What is an FHA Loss Mitigation Option?

What is an FHA Trial Payment Plan (TPP)?

What is considered continuous income for loss mitigation evaluation purposes?

What is considered the effective date for a Special Forbearance (SFB)-Unemployment Agreement?

What is required to document a Deficit Income Test for a Standard Pre-Foreclosure Sale transaction?

What is required when a borrower is terminated from or fails to complete the Pre-Foreclosure Sale (PFS) program?

What is surplus income and how is it calculated when determining loss mitigation options?

What is the 90-day loss mitigation review requirement for a defaulted FHA mortgage?

What is the Borrower's cash reserve contribution in a Standard Deed-in-Lieu (DIL) transaction?

What is the definition of the "Approved" date for the Trial Payment Plan?

What is the FHA definition of the "Market Rate" and where do I find it?

What is the FHA-HAMP Loss Mitigation Option?

What is the monthly loss mitigation requirement for a delinquent FHA mortgage?

What is the Special Forbearance (SFB) - Unemployment Loss Mitigation Option?

What process is used to determine available Home Retention Options for owner-occupant FHA borrowers?

What steps are required when the Special Forbearance (SFB)-Unemployment Agreement is about to expire?

What terms are required in a Special Forbearance Unemployment Agreement?

What types of Deed-in-Lieu Options does FHA offer and what are the borrower eligibility requirements?

What types of Pre-Foreclosure Sales (PFS) transactions does FHA offer?

When is a Trial Payment Plan considered broken?

When is the Pre-Foreclosure Sale (PFS) Addendum required?

When may a Mortgagee offer an FHA-HAMP Loan Modification, FHA-HAMP Partial Claim or a combination of both?

When must Mortgagees complete the Deed-in-Lieu (DIL) or initiate foreclosure?

When should servicers begin evaluating delinquent borrowers for loss mitigation options?

Where do I send a subordination request when the property is encumbered with a Title I mortgage?

Which settlement costs may be included in the calculation of Net Sale Proceeds for a Pre-Foreclosure Sale transaction?

Will HUD accept a Deed-in-Lieu when it is pursuing a deficiency judgment against the Borrower?