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Home Affordable Modification Program (HAMP) & Home Affordable Foreclosure Alternatives (HAFA) & Home Affordable Refinance Program (HARP) — Last updated 1/03/12.

Click on the links below for information on HAMP, HAFA, and HARP.  Additional information from FHFA, Fannie, Freddie,  HUD, VA, and individual states is also provided below.

U.S. DEPARTMENT OF TREASURY INFORMATION – Servicer Handbook (Version 3.3, as of 9/1/11). Outlines the requirements and guidelines for the Making Home Affordable Program for non-GSE mortgages.

 

HAMP Reporting Tool Release Preview (5/26/11)

 

HAMP Update: New HAMP Borrower Documents Available (10/1/10)

 

HAMP Reporting Updates: New and Revised Reporting Files and Compensation Matrix (11/9/10)

 

HAMP Reporting Updates: Revised Data Dictionaries and Change Logs (11/10/10)

 

Supplemental Directive 11-12 (12/27/11): Making Home Affordable Program — Servicing Transfers

Supplemental Directive 11-10 (9/29/11): Making Home Affordable Program — Administrative Clarifications and Updates

Supplemental Directive 11-09 (9/1/11): Making Home Affordable Program — Handbook for Servicers Version 3.3

Supplemental Directive 11-08 (8/9/11): Home Affordable Foreclosure Alternatives Program — Policy Update

Updates to Supplemental Directive 11-07 (7/26/11)

Supplemental Directive 11-07 (7/25/11): Making Home Affordable Program — Expansion of Unemployment Forbearance

Supplemental Directive 11-06 (7/6/11): Making Home Affordable Program — Updates to Servicer Incentives. See HAMP Compensation Matrix.
Supplemental Directive 11-05 (6/1/11): Making Home Affordable Program — Handbook for Servicers Version 3.2.
Supplemental Directive 11-04 (5/18/11): Making Home Affordable Program — Single Point of Contact for Borrower Assistance; Supplemental Directive 11-02 (3/30/11): Making Home Affordable Program — Administrative Clarifications; Supplemental Directive 11-01 (2/17/11): Making Home Affordable Program — Dodd-Frank Certification, Internal Quality Assurance and Verification of Income Update; Supplemental Directive 10-17 (12/2/10): Making Home Affordable Program Handbook for Servicers of Non-GSE Mortgages (Version 3.0); Supplemental Directive 10-14 (10/15/10): Making Home Affordable Program — Principal Reduction Alternative Update; Supplemental Directive 10-11 (9/21/10): Making Home Affordable Program — Dodd-Frank Certification Requirement; Supplemental Directive 10-08 (8/6/10): Making Home Affordable Program – Treasury/FHA Second Lien Program (FHA2LP) to Support FHA Refinance of Borrowers in Negative Equity Positions; Supplemental Directive 10-07 (8/2/10): Making Home Affordable – Interactions with HFA Hardest-Hit Fund Programs; Supplemental Directive 10-06 (6/29/10): Guidance on Annual Servicer Certification Required by the Servicer Participation Agreement; Supplemental Directive 10-04 (5/11/10): Home Affordable Unemployment Program; Supplemental Directive 09-05 Revised (3/26/10): Update to the Second Lien Modification Program (2MP); Supplemental Directive 09-09 Revised (3/26/10): Home Affordable Foreclosure Alternatives (HAFA)– Short Sale and Deed-in-Lieu of Foreclosure Update; Supplemental Directive 10-03 (3/26/10): HAMP – Modifications of Loans Insured by the FHA; Supplemental Directive 10-01 (3/24/10): HAMP – Borrower Outreach and Communication;  Supplemental Directive 10-01: HAMP – Program Update and Resolution of Active Trial Modifications(1/28/10); Supplemental Directive 09-10: HAMP – Temporary Review Period for Active Trial Modifications Scheduled to Expire on or before January 31, 2010 (12/23/09); Supplemental Directive 09-07 (10/8/09); HAMP Documentation Requirements Clarified; Temporary Waiver Issues (9/29/09); HAMP – FAQs and HAMP – FAQs, updated

www.makinghomesaffordable.gov  -  Consumer website

 

www.financialstability.gov  -  Official website for TARP activity.  The search icon will pull up a list of all TARP contracts, including
servicer participation agreements for MHA.

 

www.hmpadmin.com  -  Website managed by Fannie Mae, as Department of Treasury’s financial agent, which has copies of all program guidelines, forms, and frequently asked questions. Non-compliance issues and HAMP loan reporting questions can be directed to support@hmpadmin.com or 866-939-4469.

 

FEDERAL HOME FINANCE AGENCY (FHFA) – News release re Home Affordable Refinance Program (HARP), with Fact Sheet and Q&A (10/24/11). Fannie Mae’s Statement; Freddie Mac’s Statement.

 

FANNIE MAE INFORMATION – FHFA News Release: Fannie Mae & Freddie Mac to Align Guidelines for Servicing Delinquent Mortgages (4/28/11); Federal Housing Finance Agency (FHFA) Servicing Alignment Initiative Resource Center (containing FHFA, Fannie Mae, and Freddie Mac releases). Note: this resource center is maintained by USFN Associate Member Safeguard Properties.

 

View Fannie Mae’s Home Affordable Foreclosure Alternatives (HAFA) page here, including SVC 2010-07 (6/1/10).

 

Servicing Policy Updates: “New Modification Program Resources Available,” including Announcement 09-05R (4/21/2009, reposted 05/15/2009). Announcement 09-25 (7/13/2009), “Trial Period Guidance for the HAMP,” updates policies outlined in Announcement 09-05R. Also see the FAQs re Servicing Guide Announcement 09-05R: HAMP, released on 7/06/2009.

 

Lender Letter 2010-04 (6/3/10) — Extension to Fannie Mae’s Alternative Modification^TM to HAMP

 

Lender Letter 2010-10 (9/20/10) — Extension to Fannie Mae’s Alternative Modification^TM to HAMP

 

Announcement 09-31 (11/2/09) — Updates and Clarification to HAMP

 

Announcement 09-35 (11/24/09) — Updates to HAMP: MBS Mortgage Loans

 

Announcement 09-36 (12/14/09) — Updates to HAMP: Borrower notices & requirements for tax returns, income documentation, title endorsement and recordation

 

Announcement 09-38 (12/24/09) — Misc. Servicing Policy Changes (including reference to the Treasury Dept.’s Supplemental Directive 09-10 re HAMP)

 

Announcement SVC-2010-02 (2/1/10) — Update to Imminent Default Guidance for Mortgage Loans Evaluated for HAMP

 

Announcement SVC-2010-03 (2/4/10) — HAMP: Program Update & Resolution of Active Trial Modifications

 

Announcement SVC-2010-14 (9/21/10) — HAMP: Introduction of Second Lien Modification Program

 

Announcement SVC-2010-16 (10/29/10) — Misc. Servicing Policy Changes (including retirement of the Payment Reduction Plan)

 

Lender Letter 2011-01R (revised 1/19/11) — Making Home Affordable: Further Guidance on Interactions with Hardest-Hit Fund Unemployment and Reinstatement Programs

 

Announcement SVC-2011-03 (4/4/11) — Fannie Mae’s Mortgage Modification Requirements

 

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FREDDIE MAC INFORMATION — FHFA News Release: Fannie Mae & Freddie Mac to Align Guidelines for Servicing Delinquent Mortgages (4/28/11); Federal Housing Finance Agency (FHFA) Servicing Alignment Initiative Resource Center (containing FHFA, Fannie Mae, and Freddie Mac releases). Note: this resource center is maintained by USFN Associate Member Safeguard Properties.

 

HAMP Information Webpage: http://www.freddiemac.com/singlefamily/service/mha_modification.html

 

Home Affordable Foreclosure Alternatives (HAFA) Website, including Bulletin 2010-12 (6/1/10)

Learning Center: http://www.freddiemac.com/learn/service/mha.html (additional educational resources on HAMP)

 

Freddie Mac has launched its REO Rental Initiative (announced 03/05/2009). Further, Freddie Mac has stopped FORECLOSURE SALES on loans eligible for the Home Affordable Modification Program. See below for Freddie Mac bulletins, and selected advisory e-mails, containing Freddie Mac’s requirements for the Home Affordable Modification Program.  

 

For information regarding Home Affordable Foreclosure Alternatives (HAFA): Bulletin 2010-12(6/1/10) 

And see below for information regarding Home Affordable Refinance Program (HARP) and Relief Refinance Mortgage^SM:

 

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HUD INFORMATION

 

HUD’s Loss Mitigation Options At-A-Glance (see pages 21 & 22)

 

HOPE LoanPort^TM (Announced by HUD on 5/11/10). Questions about HOPE LoanPort, send email to information@hopeloanportal.org.
NOTE: HUD is redesigning its web pages to conform with the HUD.gov portal. If you experience a broken link or need other assistance, email SfWebImprovements@hud.gov.

 

Mortgagee Letter 2010-35 (10/8/10) — Borrower Certification for FHA Refinance of Borrowers in Negative Equity Positions

 

Mortgagee Letter 2010-24  (8/6/10) — Combined LTV Requirements for Refinance Transactions

 

Mortgagee Letter 2010-23 (8/6/10) — FHA Refinance of Borrowers in Negative Equity Positions

 

Mortgagee Letter 2010-11 (3/26/10) — Availability of Treasury Success Payments for FHA-HAMP Modifications

 

Mortgagee Letter 2010-04 (1/22/10) — Loss Mitigation for Imminent Default

 

Mortgagee Letter 2009-45 (10/27/09) — Introduction of HUD’s Web-Based Training Application: Electronic Class (EClass) on Loss Mitigation and Servicing System (including FHA-HAMP)

 

Mortgagee Letter 2009-39 (10/9/09) – Updated Claim Filing & Delinquency/Default Reporting Requirements for FHA-HAMP, including Appendix 1 - Delinquency/Default Status Codes; Appendix 2 - Delinquency/Default Reason Codes; Appendix 3 - Claim Filing Assistance for Loss Mitigation Claims

 

Mortgagee Letter 2009-23 (7/30/2009) — Making Home Affordable Program: FHA’s HAMP Loss Mitigation Option, Attachment to ML 2009-23 (Guidelines for FHA-HAMP)

 

Questions & Answers: Mortgagee Letter 2009-23/FHA-HAMP, and subsequent guidance. NOTE: If you have questions about FHA HAMP or other FHA loss mitigation options, email: hsg-lossmit@hud.gov.

 

 

VA INFORMATION

 

Circular 26-10-12 (9/23/10): Domain Name Change for the VA Home Loan Program Internet Website 

 

Circular 26-10-06 (5/24/10): Revised VA Making Home Affordable Program

 

Circular 26-09-17 (10/01/09): Interim Process for Pre-Approval of Loan Modifications on Current Loans

 

 

STATE INFORMATION

 

The Supreme Court of South Carolina Administrative Order re Mortgage Foreclosures and the Home Affordable Modification Program (5/22/2009).

 

SOURCE: USFN.Org

 

 

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