1. Freddie Mac Loan Modifications
An Overview of Modification Programs, Strategies and Results
December, 2014
This Material is not for Distribution

2. Options to Keep Home Options to Exit Home
Evaluation Hierarchy
Options to Keep Home
Home Affordable Refinance Program (HARP)
Reinstatement/Repayment/Forbearance
Home Affordable Modification Program (HAMP)
Freddie Mac Standard Modification
Freddie Mac Streamlined Modification
Options to Exit Home
Freddie Mac Standard Short Sale
Freddie Mac Deed-in-Lieu

3. Eligibility Depends on the Borrower’s Status on Mortgage Payments
Helping Borrowers Avoid Foreclosure with a Range of Programs
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179 63
Eligibility Depends on the Borrower’s Status on Mortgage Payments
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Freddie Mac Standard Short Sale
Freddie Mac Standard Deed-in-Lieu
Current in Payments
Keep Your Home
Refinance
HARP
Late in Payments
Exit Your Home
Repayment Plan
Short-term Forbearance
Long-term Forbearance
Unemployment Forbearance
HAMP Modification
Freddie Mac Standard Modification
Freddie Mac Streamlined Modification
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4. Loan Modification Program Overview
Key Features
Key Benefits
HAMP
Lower interest rate/ longer loan term
3-month payment trial
Lowers payments to ≤31% of borrower’s gross monthly income
Borrower payment incentives
Freddie Mac Standard Modification
Option for borrowers not HAMP eligible
Lowers mortgage payments
Freddie Mac Streamlined Modification
Option for seriously delinquent borrowers
Proactive borrower solicitation
Streamlines process
No documentation

5. Mortgage Workout Volume
Nearly 915,000 Households Helped Since 2009;
Loan Modifications Help More Than Half of All Borrowers
Loan mods saved homeowners an average of $5,200 a year – more than $420 per month
Number of Loans Annually

6. Performance of Modified Loans
Quarterly Percentages of Modified Single-Family Loans
(HAMP and non-HAMP) 1
Percent Current and Performing
Quarter of Loan Modification Completion2
Time Since Modification
3Q 2011
4Q 2011
1Q 2012
2Q 2012
3Q 2012
4Q 2012
1Q 2013
2Q 2013
3 to 5 months
81%
86%
85%
87%
84%
6 to 8 months
79%
80%
83%
82%
N/A
9 to 11 months
75%
77%
78%
12 to 14 months
71%
73%
76%
15 to 17 months
69%
74%
18 to 20 months
21 to 23 months
67%
70%
24 to 26 months
(1) Includes completed HAMP modifications, but does not reflect loans currently in the trial period under that or other modification programs.
(2) Includes loans that have paid off.

7. Promoting Borrower Success with Education and Outreach
Borrower outreach with not-for-profit organizations
Nationwide telephone help network
Help centers: Atlanta; Chicago; Las Vegas; Los Angeles; Phoenix; Washington, DC; San Bernardino, CA; Broward and Miami-Dade counties, FL
Take Root Community Stabilization Initiative: Chicago; Milwaukee; Jacksonville; Los Angeles and South FL
Foreclosure-prevention workshops
CreditSmart®
On-line Mortgage Help resource center
2013 HIGHLIGHTS
Supported ~300 borrower workshops
Expanded Take Root
Opened three borrower help centers
Launched CreditSmart on-line

8. Homeowner Resources

9. For More Information