RMIC delegates to Servicers, the authority to modify loans under Freddie Mac's Home Affordable Modification Program (HAMP) if the modification meets the following parameters:

• Freddie Mac's most current Home Affordable Modification Program Guidelines

Reporting
All HAMP loans should be reported to RMIC using the MICA HAMP Reporting Template on a monthly basis. The following events must be reported, within 30 days:

• Trial period first payment made
• Trial period failure or cancellation
• Execution of the modification

Loans should remain on the report until the modification is complete (Official) or cancelled. Loans that successfully complete the modification should remain on the report until after the second payment is received post-modification and then be removed from the report the following month.

Home Affordable Foreclosure Alternatives (HAFA)

When a retention option will not work, Freddie Mac's HAFA program provides additional options to avoid foreclosure and offers incentives to borrowers, servicers, and investors who use a short sale or deed-in-lieu to avoid foreclosures.

RMIC delegates to Servicers, the authority to modify loans under Freddie Mac's HAFA program, and will waive any requirement for a borrower contribution, if the short sale or deed-in-lieu complies with the following parameters:

• Freddie Mac's most current Home Affordable Foreclosure Alternatives Program Guidelines

Reporting
All HAFA loans should be reported to RMIC using the HAFA Reporting Template on a monthly basis, within 30 days of the following events:

• Pre-foreclosure Sale (Pre-foreclosure Close of Escrow Date)
• Deed-in-Lieu (Date on which the Borrower executes the Deed)