evaluationnotice-fanniemae.doc

EVALUATION NOTICES The Evaluation Notice must provide the borrower with one of the following possible outcomes: Non-approval, capacity to pay your mortgage Non-approval, not eligible for alternative to foreclosure Non-approval, proceed to foreclosure Reinstatement offer Repayment plan offer Forbearance plan offer - reduced payment Forbearance plan offer - suspended payment HAMP Trial Period Plan Notice Standard Modification Trial Period Plan Notice - based on MTMLTV ratio greater than or equal to 80% Standard Modification Trial Period Plan Notice - based on MTMLTV ratio less than 80% Streamlined Modification Trial Period Plan Notice - based on MTMLTV ratio greater than or equal to 80% Streamlined Modification Trial Period Plan Notice - based on MTMLTV ratio less than 80% Streamlined Modification Post-Disaster Forbearance Trial Period Plan Notice Standard short sale - review based on first complete Borrower Response Package Standard short sale - all other scenarios Mortgage Release?/Deed-in-Lieu of Foreclosure - review based on first complete Borrower Response Package Mortgage Release?/Deed-in-Lieu of Foreclosure - all other scenarios HAMP Modification Model Ineligibility Reasons Standard Modification Model Ineligibility Reasons The Evaluation Notices provide the appropriate text for each option listed above; the text is customizable for the borrower’s specific information and circumstances. For Evaluation Notice requirements and timelines, see Servicing Guide D2-2-05, Receiving a Borrower Response Package. NON-APPROVAL, CAPACITY TO PAY YOUR MORTGAGE Text Thank you for contacting us about your mortgage. Based on a careful review of the information you provided to us, unfortunately you are not eligible for mortgage payment assistance. Our review of your financial and other information indicates that you have sufficient financial ability to pay your mortgage. Your mortgage payment was due on [PAYMENT DUE DATE]. In addition, your account has accrued late char