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Homeowner Assistance Programs

MGIC Borrower workout programs

See section 10 of our Servicing Guide for information on our Borrower workout programs.

GSE programs

We follow delegated authority guidelines for the following GSE programs, provided:

  • Individual program requirements are met
  • We receive the appropriate documentation via MGIC/Link Servicing

See Related Links on this page for additional information on GSE programs.

Fannie Mae/Freddie Mac

  • Home retention workout programs, including:
    • Repayment plans
    • Forbearance plans
    • Foreclosure postponement
    • Loan modifications
  • Home liquidation programs, including:
    • Short sales
    • Deeds in lieu
  • Military indulgence program

US Treasury programs

We follow delegated authority guidelines for the following US Treasury programs, provided:

  • Individual program requirements are met
  • We receive the appropriate documentation via MGIC/Link Servicing

See Related Links on this page for additional information on US Treasury programs.

Hardest Hit Funds (HHF)

Most states involved in HHF have developed programs that may be administered by their respective Housing Finance Agency (HFA) to help borrowers with home retention or disposition alternatives to foreclosure.

The basic program types are listed below. (Specific criteria of each program may vary from state to state.)

  • Unemployment assistance
  • Mortgage reinstatement assistance
  • Modifications
    • Report monthly via MGIC/Link Servicing
    • Submit completed Loan Modification Request spreadsheet
    • Indicate the appropriate program identifier in your request
    • Select Loan Modification in the MGIC/Link Servicing main menu
  • Transition assistance
  • Second lien reduction assistance