Common use of Permanent Relief Clause in Contracts

Permanent Relief. based on borrower’s inability to make payments at the current payment amount and/or rate of interest • FCMC will use the HBAN Work Rules that are attached to this document. • The hardship must be permanent (i.e. reduction of income, medical, etc) • Offer new *** year term, lower interest rate • If borrower does not qualify for minimum *** interest rate, approval to go to *** interest rate. • HBAN to approval all requests for Permanent Relief offers

Permanent Relief. based on borrower’s inability to make payments at the current payment amount and/or rate of interest • FCMC will use the HBAN Work Rules that are attached to this document. • The hardship must be permanent (i.e. reduction of income, medical, etc) • Offer new *** year term, lower interest rate • If borrower does not qualify for minimum *** interest rate, approval to go to *** interest rate. • HBAN to approval all requests for Permanent Relief offers.

Permanent Relief. based on borrower’s inability to make payments at the current payment amount and/or rate of interest • FCMC will use the HBAN Work Rules that are attached to this document. • The hardship must be permanent (i.e. reduction of income, medical, etc) • Offer new *** year term, lower interest rate • If borrower does not qualify for minimum *** interest rate, approval to go to *** interest rate. • HBAN to approval all requests for Permanent Relief offers

Permanent Relief. based on borrower’s inability to make payments at the current payment amount and/or rate of interest • FCMC will use the HBAN Work Rules that are attached to this document. • The hardship must be permanent (i.e. reduction of income, medical, etc) • Offer new *** year term, term and/or lower interest rate • If borrower does not qualify for minimum *** interest rate, approval to go directly to *** interest rate. • HBAN to approval all requests for Permanent Relief offersMust be current with 1st Mortgage • Income vs. Expenses at or Less than *** • Current on 1st Mortgage

Permanent Relief. based on borrower’s inability to make payments at the current payment amount and/or rate of interest • · FCMC will use the HBAN Work Rules that are attached to this document. • · The hardship must be permanent (i.e. reduction of income, medical, etc) • · Offer new *** year term, lower interest rate • · If borrower does not qualify for minimum *** interest rate, approval to go to *** interest rate. • HBAN to approval all requests for Permanent Relief offers.

Permanent Relief. based on borrower’s inability to make payments at the current payment amount and/or rate of interest • · FCMC will use the HBAN Work Rules that are attached to this document. • · The hardship must be permanent (i.e. reduction of income, medical, etc) • · Offer new *** year term, lower interest rate • If borrower does not qualify for minimum *** interest rate, approval to go to *** interest rate. • HBAN to approval all requests for Permanent Relief offers

Permanent Relief. based on borrower’s inability to make payments at the current payment amount and/or rate of interest • · FCMC will use the HBAN Work Rules that are attached to this document. • · The hardship must be permanent (i.e. reduction of income, medical, etc) • · Offer new *** year term, lower interest rate • · If borrower does not qualify for minimum *** interest rate, approval to go to *** interest rate. • · HBAN to approval all requests for Permanent Relief offers