This 90 minute webinar covers investor accounting and default reporting requirements for modifications. Specific highlights include:
Investor accounting during the Trial Period and establishment of the modified loan terms after successful completion of the Trial Period
Electronic Default Reporting (EDR) requirements during the Trial Period
Modified mortgages with partial principal forbearance
For HAMP only: Overview of monthly reporting for Fannie Mae as Program Administrator for the U.S. Department of Treasury
Prerequisites:
This session is for employees of approved Freddie Mac Servicers with experience in Freddie Mac's investor accounting and/or EDR activities
Simultaneous access to the Internet (to receive visual presentation) and a telephone (to receive audio)
Course materials will be e-mailed to attendees prior to the start of the session
Objectives:
Understand Freddie Mac's investor accounting and reporting requirements for modifications including investor reporting and remitting, and EDR during the Trial Period.
Topics:
Modification effective dates: Trial Period payments and Modification Date
Investor Accounting Requirements
EDR Requirements during the Trial Period
Modified Mortgages with partial principal forbearance
For HAMP only: Overview of reporting to Fannie Mae as the program administrator
Modifications: Inv Acctg & Def Rpt Requirements