FDIC Loan
Modification Program
This document provides a framework for establishing and implementing these standards. mortgages with stable rate loans, and eliminates the possibility of future negative amortization.
of such loans.
2 See the American Securitization Forum’s Streamlined Foreclosure and Loss Avoidance Framework for Securitized Mortgage Loans, Issued Dec. 6, 2007 and revised July 8, 2008.
$2,422 / $6,374 = 38% any future collections at time of pay-off submitted to the trust as a recovery.
possible MI claim denial.
timetable for REO disposition in the NPV Tool. This means that delaying foreclosure will not lead to further home price declines at REO disposition for most geographical areas.
Groups with a relationship with the servicer should be trained on the specific information required to complete the modification. This provides another venue to streamline the paperwork processing.
