Understanding the FHA Loss Mitigation Waterfall

Shannon Sswiatek March 19, 2014

This webinar will address the Federal Housing Administration (FHA) providing mortgage insurance on loans made by FHA-approved lenders throughout the United States and currently having 4.8 million insured single family mortgages in its portfolio. Loans insured by FHA are not eligible for HAMP and are instead subject to a unique set of servicing and loss mitigation rules. These rules are promulgated through a patchwork of mortgagee letters and not consolidated in a handbook. This training teaches advocates about the FHA’s unique and complex loss mitigation rules. It will also include a demonstration of MFY Legal Services Inc.’s FHA Waterfall Worksheet.

Webinar Resources:

FHA Waterfall User’s Guide