Fannie Mae's New Loan Workout Hierarchy

The link below identifies the Fannie Mae loss mitigation options that are available to assist borrowers experiencing financial hardship.

It is 19 pages and goes through a temporary and a long-term hardship. I am not an expert when it comes to this because I don’t do modifications but I wanted to make sure to share it with you.

https://www.efanniemae.com/sf/servicing/pdf/loanworkoutfactsheet.pdf