Sample Loan Payment Deferral Agreement

Contains all amounts we have paid on your behalf in connection with outstanding payments, such as taxes or insurance, as authorized by your mortgage documents. Once your deferred payment is in effect, you must continue to make your planned monthly payment to keep your mortgage up to date. [If the borrower is in good condition ┬« change of HAMP, that it continues to be entitled to future HAMP “Pay for Performance” incentives and loses such incentives after a deferral of payment, services must include: A deferral of payment delays your mortgage and delays the repayment of certain monthly payments in principal and interest, as well as other amounts we paid on your behalf in connection with the outstanding monthly payments. You are responsible for paying the outstanding amounts after the maturity of the mortgage or earlier when the property is sold or transferred, when the mortgage is refinanced or when the unpaid interest is paid. The following table describes the specific conditions for the deferral of payment. [For a borrower who committed 12 months of delinquent at the time of the assessment, where the service provider also uses one month of treatment, includes the following language: We need one month of treatment to complete your deferred payment. Since you have 12 months of offender, you must pay your current monthly contractual payment of [amount] to [date] for your late payment to take effect.] If this deferral takes effect, you are not entitled to future HAMP “Pay for Performance” incentives.] Thank you for telling us about your mortgage. As discussed, you will be approved for a deferral of payment, and we will defer your outstanding amounts in order to update your mortgage. This letter describes what a deferral of payment is and how it affects your mortgage.

Number of principal and interest payments that must be deferred – Interest is not calculated on the total amount of outstanding amounts that must be deferred. The deferral of payment does not change other conditions of your mortgage. . Ask Poli offers exclusive Q-As content and more, as well as the official content of the sales and service guide. For more information on how to avoid seizures, including assistance to members of the military service, you can also visit Fannie Maes www.KnowYourOptions.com. If your mortgage has been changed under the Home Address Modification Program (HAMP┬«, please note that: Information relating to additional payment deferral and legal information . . .

To accept this offer, you must indicate [the method service order]] until [date before the end of the current month]” national or local.] [If you use an invitation letter, instead of the paragraph above, use the following language:

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