On October 20, 2009, Fannie Mae published Announcement 09-30 to introduce the Payment Reduction Plan™ (PRP). The PRP will replace the HomeSaver Forbearance™ (HSF) program in Fannie Mae's Workout Hierarchy. The goal of the PRP is to allow for additional time to identify a permanent foreclosure prevention solution for a borrower who has encountered a financial hardship while having the borrower maintain a payment stream. The purpose of a PRP is to provide a borrower with temporary payment relief while the servicer and the borrower work together to find the appropriate permanent foreclosure prevention solution. Under a PRP, the servicer can reduce a borrower's monthly principal and interest (P&I) payment by up to 30 percent for up to six months.