2. Consideration Process HAMP Modification Consideration Mortgage Eligibility Explained on the following slides

3. Conditions The Mortgage First Lien owned, securitized or guaranteed by Freddie Mac The Mortgaged Premises

4. Conditions (cont) What the Borrower must adhere to. More than 60 days deliquent Total monthly mortgage Servicer consideration (HAMP Modification)

5. Consideration Process (cont) Potential Eligible Borrowers HAFA consideration under the events on the following slides

6. Conditions The Borrower Doesn’t qualify for HAMP Trial Period Plan Doesn’t successfully complete HAMP Is delinquent on modified mortgage Refuses HAMP

7. Consideration Process (cont) The date and outcome of the HAFA consideration Must be documented Borrowers may be accepted into HAFA If SSA or DIL Agreement is fully executed

8. Consideration Process (cont) A Borrower’s participation When a servicer may not offer an SSA to a Borrower

9. Consideration Process (cont) Borrowers in active Chapter 7 or Chapter 13 bankruptcy cases. Servicer requesting a short sale or DIL under HAFA.

10. HAFA Ineligible Mortgages ineligible for HAFA include the following: Mortgages secured by Investment Properties or second homes Cooperative Share Mortgages Leasehold Mortgages Mortgages sold to Freddie Mac on a participation basis Mortgages sold to Freddie Mac with recourse or indemnification FHA, VA and RHS Mortgages

11. Ineligible Borrower If the Borrower requests to be considered for HAFA and is found to be ineligible Must continue with delinquency collection efforts, or initiate or continue foreclosure

12. Ineligible Borrower When the Servicer has determined the Borrower is ineligible for a HAFA Short Sale.