Waterfall Worksheets

MFJ’s Foreclosure Prevention Project helps low-income borrowers with loans in default, or in imminent risk of default, stay in their homes. Loan modifications are a critical tool in avoiding foreclosure. Our Waterfall Worksheets aid advocates in assessing a borrower’s eligibility to participate in certain loan modification programs.

For modification applications on a loan held by Fannie Mae or Freddie Mac, click HERE for MFJ’s Flex and Standard Modification Waterfall. For the Flex and Standard Modification Waterfall Worksheet User’s Guide, click HERE.

For loans insured by the Federal Housing Administration, click HERE to determine whether borrowers qualify for an FHA home retention loss mitigation option. For the FHA Waterfall User’s Guide, click HERE.