SESSION  4 

Loan Workouts

• Workout Strategies Overview
• Modification Variables: Principal, Rate, Term
• What Are Arrears?
• Re-Capitalization of Mortgage Arrears
• Principal Reduction Refinance
• Loan Modification vs. Forbearance
• Creating Incentives for Borrower Performance
• Hardest Hit Fund (HHF) Overview
• Non-performance & Redefaults
• Deed In Lieu
• Short Sale
• Foreclosure