The servicer must waive late charges accrued during the repayment plan period as long as the terms of the repayment plan are maintained by the borrower.
Related Announcements The following table provides references to Announcements that are related to this topic.
Report loan-level data in Fannie Mae’s servicing solutions system upon receipt of the borrower’s first Trial Period Plan payment and all subsequent Trial Period Plan payments under the Trial Period Plan.
If the borrower makes all required Trial Period Plan payments, continue to step 3.
The servicer must evaluate a borrower for a workout option in accordance with D2-3.1-01, Determining the Appropriate Workout Option.
The mortgage loan must not have been previously modified and become 60 or more days delinquent within the first 12 months of the effective date of the mortgage loan modification without being reinstated.
Note: This does not apply if the prior mortgage loan modification was If the borrower converts from a Trial Period Plan to an Unemployment Forbearance plan, the borrower may subsequently be eligible for a Fannie Mae standard modification upon successful completion of the Unemployment Forbearance plan and, if eligible, must be placed in a new Trial Period Plan.
In the Summary Section - One of the topics added is "Pre-Foreclosure Notices and Other Requirements." - sample excerpt • Assignments • Breach Letter Requirements • Condemnation • Death of an Owner/Borrower • Deed-in-Lieu of Foreclosure • Deficiency Judgment after Sale • Documents needed to Initiate Foreclosure • Eviction Synopsis • Forbearance Agreements • Foreclosure Synopsis - sample excerpt • Foreclosure Timelines – one for each state, following the state's narrative • Judicial Foreclosure - sample excerpt • Lost Note Affidavits - Foreclosure • Mediation - sample excerpt • Nonjudicial Foreclosure - sample excerpt • Possession after Foreclosure • Postponement of Sale • Post-Sale/Conveyance After Foreclosure (includes "When is title actually conveyed?
") • Pre-Foreclosure Notices & Other Requirements - sample excerpt • Publication Requirements • Recoverable (or Reimbursable) Fees and Costs • Re-conveyance • Redemption • Reinstatement • Sale Continuances • Sale Rescission • Statutes of Limitations on Foreclosure Actions • Substitutions of Trustee • Title Curative Issues/Problems In the Statutes Section • Abusive Home Lending Practices • Assignment of Bids • Assignments of Rents • Assumption • Bidding at Sale • Bidding Strategies • Debt Collection Statutes • Deficiency Judgment after Sale • Documentary Transfer Tax • Dual Tracking • Due on Sale Clauses • Equitable Subrogation • Escrow Accounts • Escrow Administration • Excess Foreclosure Sale Proceeds • Fast Track Demolitions • Foreign Language Accommodation • Hazardous Waste • Home Owner Associations • Insurance • Insurance Losses • Interest on Impound Accounts • Interest Rate Increases • Internet Publication • Junior Liens • Late Charges • Loan Modifications (non-bankruptcy) • Loan Satisfaction • Manufactured Housing/Mobile Homes • Mechanic’s Liens • Military Servicemember Requirements • Mortgage Insurance Cancellation • Mortgagor Request • Non-Resident Landlords • Non-Sufficient Funds Fees • Notary Requirements • Notice of Default/Acceleration • Payoff Statement Requests • Predatory Lending • Prepayment Penalties • Privacy/Info Sharing • Property Inspections • Property Maintenance and Preservation • Record Retention • REO Condition Disclosure • Resident Office • Reverse Mortgage Servicing • Rights of Reinstatement • Sale of Servicing • Short Sales • Spousal Signature • Super Liens • Tax Sale Procedures • Taxes • Tenant Protections • Title Evidence • Title Insurance • Toll-free Phone Requirements • Transfer Tax • Trustee Requirements • Vacant Property Requirements • Water Liens • Workouts (non-borrower) BACK TO TOP CH 3: BANKRUPTCY (Part 1) • Introduction • The Automatic Stay • Chapter 7 • Chapter 13 • Chapter 11 • Abusive Filings • Foreclosure Sales, “Reasonably Equivalent Value” • Bankruptcy Reform Overview • Introduction and Background • Effective Date • Summary of Effect • Analysis of Specific Changes • Adoption of a Means Test • Debtor Education • Increased Filing Requirements • Notice to Creditors • Discouraging Bankruptcy Abuse • Treatment of Secured Claims • Valuation • Truth in Lending Amendments • Miscellaneous Changes to Chapter 13 • Chapter 11 Cases Filed by Individuals • Child Support • Consumer Protections • Post-Discharge Communications with Debtors • Initial Expectations • Additional Resources • Endnotes (Part 2) • Electronic Developments in the BK Courts • Electronic Case Filing • Electronic Access to Courts • U. BK Clerks of Court Contact Information • Chapter 13 Trustee Web Access BACK TO TOP CH 5: FAIR CREDIT REPORTING ACT • Mortgage Servicers as Providers of Information • Mortgage Servicers as Users of Consumer Reports • Rejection of a Workout by Mortgage Servicer based on a Consumer Credit Report • Obtaining Credit Information for Improper Purposes • Address Discrepancies • Mortgage Servicers as Consumer Reporting Agency • When Borrower has Claimed ID Theft • Sharing of Mortgage Servicing Information • Servicing Loans Involved in BK Proceedings • Credit • Non-Recourse Loans • The Bankruptcy Chapter 7 Discharge • The Difference Between Threats and Reporting • Civil and Criminal Penalties • Regulatory Authority • State Fair Credit Laws and Federal Preemption • Endnotes BACK TO TOP CH 6: FAIR DEBT COLLECTION PRACTICES • Background and Scope • State Fair Debt Collection Practices Laws • State Statutory Authorization • State Contacts • Excerpts from the Federal FDCPA • § 1692a.