This
Recorded Webinar is
available 24/7, provides details on establishing the terms for the Trial Period Plan for implementation under the Home Affordable Modification Program (HAMP). We will describe and provide case study examples detailing how to calculate the 'estimated modified' trial period payments.
Prerequisites:
This session is for employees of approved Freddie Mac Servicers with experience in loss mitigation, collections or foreclosure processes
Simultaneous access to the Internet (to receive visual presentation) and a telephone (to receive audio)
Course Materials Coming Soon
Objectives:
Identify the benefits of the Home Affordable Modification Program (HAMP)
Examine HAMP qualifications and underwriting process to determine borrower eligibility
Understand how to apply the sequential steps ('waterfall') to develop and execute a Trial Period Plan
Topics:
Sequential process for calculating a Target Payment
Net Present Value (NPV) Test
Establish and conduct the Trial Period Plan
Special credit reporting requirements
Non-qualified borrowers
Coming Soon!
Note: This recorded course is available 24/7. Click on 'Recorded Webinar' above to attend. Do not select the 'Course Availability' button below.
Home Affordable Modification Trial Period Plan