For advocates newer to handling mortgage and foreclosure cases, gaining a clear understanding of the rules of loss mitigation is a crucial step. This intensive will cover the basics of loss mitigation terminology and the background loan modification rules for FHA and Fannie Mae and Freddie Mac mortgages. Understanding the rules that existed prior to the pandemic will allow advocates to better understand the pandemic-related overlays that have been created. Our main conference sessions will dive into the COVID-era policies, but this intensive will provide the foundational knowledge for advocates who are newer to this area or have not previously run the numbers. Like the other intensive, this will run over two afternoons, with two 90-minute sessions each day. We will utilize live presentations and breakout discussions, and walk through several examples using loan mod calculators. Topics we will include: general loan modification and loss mitigation terminology (applicable to all loans, including the private market); GSE Flex Mod calculations; FHA-HAMP calculations, FHA (non-COVID) waterfall of options, and general FHA defenses.