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A Loss Mitigation Option is one of the following strategies under FHA’s Loss Mitigation
Program requirements intended to minimize economic impact to the Mutual Mortgage Insurance
Fund (MMIF) and to avoid foreclosure, if possible:
• Informal and Formal Forbearances
• Special Forbearances-Unemployment
Loan Modifications
• FHA – Home Affordable Modification Program (FHA-HAMP) Loan Modifications,
Partial Claims, and Combination Loan Modification/Partial Claims
• Pre-Foreclosure Sales (PFS),
• Deeds-in-Lieu (DIL) of Foreclosure

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