FannieMae's Loan Workout Hierarchy

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The steps followed by the loan processors in examining what Loss Mitigation Options are available to you (the borrower).

Fannie Mae's loan workout hierarchy requires that you first determine if the Home Affordable Modification Program (HAMP) is appropriate. If the Home Affordable Modification Program is not appropriate, then consider other foreclosure prevention alternatives to resolve delinquencies.

View the Loan Workout Hierarchy fact sheet, which includes descriptions of each loss mitigation option.