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HUD's Loss Mitigation Program - Home Retention


Description
This module provides mortgagees with detailed guidance on FHA’s permanent home retention options. The training will cover eligibility criteria, evaluation of a borrower for loss mitigation, and the use of early default intervention tools. Mortgagees will also learn how to apply the permanent home retention waterfall in accordance with HUD requirements to support sustainable borrower outcomes.
Content
  • Introduction
  • Introduction
  • Disclaimer
  • Disclaimer (clone)
  • How to Use Handbook 4000.1
  • Learning Objectives
  • Agenda
  • I. Eligibility for Home Retention Options
  • Eligibility for Home Retention Options
  • HUD's Loss Mitigation Program
  • Key Terms (1)
  • Key Terms (2)
  • Imminent Default
  • Non-Borrowers Who Acquired Title through an Exempted Transfer
  • Eligibility to Participate in HUD Programs
  • II. Evaluation of a Borrower for Loss Mitigation Assistance
  • Evaluation of a Borrower for Loss Mitigation Assistance
  • Evaluation of the Borrower for Loss Mitigation Assistance
  • Financial Hardship Documentation
  • Loss Mitigation Waterfall
  • Notice to Borrower after Loss Mitigation Review
  • Loss Mitigation Agreements
  • Loss Mitigation during Bankruptcy Proceedings
  • Escalated Cases
  • Escalation Processes
  • III. Home Retention - Early Default Intervention Tools
  • Home Retention - Early Default Intervention Tools
  • Loss Mitigation Home Retention Options
  • Early Default Intervention Tools
  • Loss Mitigation Home Retention Options
  • Repayment Plan Agreement
  • Repayment Plan Failure
  • Forbearance (1)
  • Forbearance (2)
  • Forbearance (3)
  • IV. Permanent Home Retention Options
  • Permanent Home Retention Options
  • Permanent Home Retention Options (1)
  • Permanent Home Retention Options (2)
  • Permanent Home Retention Options (3)
  • Permanent Home Retention Options (4)
  • Trial Payment Plans (1)
  • Trial Payment Plans (2)
  • Trial Payment Plans (3)
  • Trial Payment Plans (4)
  • Trial Payment Plans (5)
  • Trial Payment Plans (6)
  • Execution of Permanent Home Retention Option Documents
  • Test Your Knowledge
  • Test Your Knowledge - Answer
  • APPENDIX 4.0 - Part A: Arrearages
  • Partial Claims (1)
  • APPENDIX 4.0 - Part B: Partial Claim Availability
  • Partial Claims (2)
  • APPENDIX 4.0 - Part C: Borrower Attests They Can Resume Mortgage Payments
  • Partial Claims (3)
  • Partial Claims (4)
  • Loan Modifications (1)
  • Loan Modifications (2)
  • Loan Modifications (3)
  • Standalone Loan Modifications
  • Check Your Understanding
  • Check Your Understanding - Answer
  • APPENDIX 4.0 - Part D: Calculate Standalone Loan Modification
  • APPENDIX 4.0 - Part E: Combination Loan Modification and Partial Claim (1)
  • APPENDIX 4.0 - Part E: Combination Loan Modification and Partial Claim (2)
  • Outside of the Waterfall Loan Modification (1)
  • Outside of the Waterfall Loan Modification (2)
  • Outside of the Waterfall Loan Modification (3)
  • Test Your Knowledge
  • Test Your Knowledge - Answer
  • Check Your Understanding
  • Check Your Understanding - Answer
  • Resources and Conclusion
  • Training Summary
  • Helpful Links
  • FHA Resource Center
  • Conclusion
Completion rules
  • All units must be completed
  • Leads to a certificate with a duration: Forever
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