The class begins with an explanation and calculations for FHA mortgage insurance and the lenders responsibility to remit MIP in a timely fashion, introducing students to the various FHA technologies and their uses. Next, we turn to HUD policies and procedures specific to FHA loan servicing, covering payment application and late charge assessments. Lastly, we discuss delinquency and default counseling for borrowers who are delinquent or in default to enhance the likelihood of successfully bringing their account current.