Borrower Solicitation Letter - 61 Days Delinquent Form - (Form 761); Word

STREAMLINED MODIFICATION POST DISASTER FORBEARANCE SOLICITATION LETTER

[Servicer Logo]

[Borrower 1 Name] [Borrower 2 Name] [Date] [Address 1] [Address 2] Reference: [LOAN NUMBER] [City, State Zip Code]

Dear [Borrower Name(s)]:

Your Disaster-Related Forbearance Plan Is Ending Soon — Act Now

You are nearing the end of the term of your disaster-related forbearance plan that provided temporary mortgage payment relief, and we would like to offer you an opportunity to enter into a more permanent long term solution through a loan modification.

A loan modification can help you bring your loan payments up to date. This option can help you stay in your home and avoid foreclosure. Other options are available, however, to help you exit your home without going through foreclosure, as described below.

Option 1: Stay in Your Home

You’re approved for a Trial Period Plan to modify your mortgage payment (see attached). During this Trial Period Plan, you will be required to make three monthly payments in the amount of [$X,XXX] each. *

If you follow the terms of the attached Trial Period Plan, your loan will be permanently modified to a 40-year fixed rate loan. Please call us at [8XX-XXX-XXXX] by [DATE – 14 days from date of this letter] to confirm your participation and for directions on how to mail your first Trial Period Plan payment. To stay in your home and avoid foreclosure, you must contact us right away or send us your Trial Period Plan payment.

If you do not require a monthly payment reduction and prefer not to modify your mortgage loan to a 40-year fixed rate loan, please contact us immediately to discuss a modification option that only extends your loan repayment term long enough to cover the payments missed during your forbearance plan. This option will generally allow you to maintain some of the existing terms of your loan, such as the fixed, adjustable, or step- rate feature. Under this option, upon completion of the Trial Period Plan, your loan will be permanently modified and you will have a monthly loan payment that is similar to your current monthly payment. If you are interested in this modification option, we will send you a new three-month Trial Period Plan that includes the requirements for this option.

[If the borrower would not be eligible for a Fannie Mae HAMP modification (e.g., the borrower previously received one), the servicer may remove the following paragraph. The paragraph may also be removed beginning on September 1, 2016 and must be removed on or after November 1, 2016:

*Once you start your Trial Period Plan, we may be able to offer you a mortgage modification under the Federal Home Affordable Modification Program (HAMP) with a lower monthly payment. To see if you qualify, you must submit a complete Borrower Response Package no later than [month, day, year]. If you have already submitted your Borrower Response Package, we’ll evaluate you for a foreclosure prevention option, including the HAMP modification. In the meantime, you are encouraged to participate in this Trial Period Plan for a mortgage modification. ]

STREAMLINED MODIFICATION POST DISASTER FORBEARANCE SOLICITATION LETTER

Option 2: Leave Your Home and Avoid Foreclosure

If you are unable or unwilling to pay the monthly payment listed above, you have two options to avoid foreclosure – a short sale or a Mortgage Release™. You can still avoid the financial and emotional impacts of foreclosure, but you must contact us now.

We’re Here to Help We want to help you. Call us today if you would like to discuss any of these options. If you do not respond by [DATE – 14 days from date of this letter], foreclosure actions on your home will continue.

Sincerely,

Customer Support [Servicer Name]

Remember, you must respond by [DATE – 14 days from date of this letter].