RoundPoint Mortgage Servicing Corporation (RoundPoint) Home Affordable Foreclosure Alternative (HAFA) Program Matrix
|
|
- Clarence Payne
- 8 years ago
- Views:
Transcription
1 The Home Affordable Foreclosure Alternatives (HAFA) Program provides additional options to avoid costly foreclosures and offers incentives to borrowers, servicers and investors who utilize a pre-foreclosure sale or deed-in-lieu (DIL) to avoid foreclosure. HAFA alternatives are available to all HAMP-eligible borrowers who: 1) do not qualify for a Trial Period Plan; 2) do not successfully complete a Trial Period Plan; 3) miss at least two consecutive payment during a HAMP modification; or, 4) request a short sale or DIL.
2 ELIGIBILITY REQUIREMENTS All loans are reviewed according to investor guidelines and HAMP eligibility criteria. The Mortgage lien: 1st lien originated on or before January 1, UPB does not exceed HAMP limits: 1 Unit $729,750 2 Units $934,200 3 Units $1,129,250 4 Units $1,403,400 The mortgage loan is secured by a one- to four-unit property. The current market value must be less than the current principal balance on the mortgage loan. The mortgage loan is secured by a single family property that is either o Owner-occupied or o A rental property Occupied by a tenant Occupied by the borrower s legal dependent, parent or grandparent without rent being charged or collected Vacant and available for rent in accordance with the Rental Property Certification included in the Request for Mortgage Assistance Form. The Property: The property securing the mortgage loan has not been condemned or is not in such poor physical condition that is not habitable event if not condemned. The Homeowner: Mortgage loan must be delinquent or imminent default. Documented financial hardship (Hardship Affidavit/RMA) verifying the borrower has no sufficient liquid assets to make the monthly mortgage payments (for Servicemembers, this may include a Permanent Change of Station order). Borrower must not have been convicted within the last 10 years of felony larceny, theft, fraud, forgery, money laundering or tax evasion in connection with a mortgage or real estate transaction. The borrower must be a natural person. Mortgage loans made to or secured by properties owned by, corporations, partnerships, limited liability companies or other business entities are not eligible for assistance under HAMP.
3 DOCUMENTATION REQUIREMENTS All Documentation must be completed for all borrowers or parties to the mortgage loan and all documentation must be less than 90 days old: Short Sale Notice (SSN): Completed MHA Request for Mortgage Assistance (RMA) form Non-Owner Occupant Certification (if applicable) Signed Dodd-Frank Certification form ( included in the RMA) Signed IRS Form 4506T/4506-EZ signed by all borrowers Copies of the most recent year tax returns Two copies of the most recent paycheck stubs, no more than 90 days old, Subordinate lien documentation, if applicable Additional documentation may be required HAFA Affidavit: Seller and the purchaser are required to execute prior to closing. Acknowledgement of Request for Short Sale (ARSS): Completed MHA Request for Mortgage Assistance (RMA) form Non-Owner Occupant Certification (if applicable) Signed Dodd-Frank Certification form ( included in the RMA) Signed IRS Form 4506T/4506-EZ signed by all borrowers Copies of the most recent year tax returns Two copies of the most recent paycheck stubs, no more than 90 days old, Subordinate lien documentation, if applicable Purchase contract Listing agreement HAFA Affidavit Copy of MLS report Additional documentation may be required Deed-in-Lieu (DIL) Completed MHA Request for Mortgage Assistance (RMA) form Signed Dodd-Frank Certification form ( included in the RMA) Signed IRS Form 4506T/4506-EZ signed by all borrowers Copies of the most recent year tax returns Two copies of the most recent paycheck stubs, no more than 90 days old, Subordinate lien documentation, if applicable Signed DIL agreement Additional documentation may be required
4 VALUATIONS RoundPoint will independently establish a property value and an approved list price. We will provide you with instructions regarding the list price and any permissible price reductions. The home's selling price may be based on either: Interior Broker Price Opinion (BPO) Appraisal Automated Valuation Model (AVM) Disputed Valuations Borrower must send a request to dispute the valuation and provide a separate valuation within 30 calendar days RoundPoint will complete an evaluation within 30 business days after receipt of the borrower s request. Price Reduction Borrower/selling agent must provide a follow-up every 30 business days regarding the listing activity, during the marketing period. Any price reductions and marketing period extensions will be reviewed by the investor. PAYMENTS DURING MARKETING PERIOD RoundPoint may require the borrower to make full or partial payments during the agreement period. The amount and timing of the payments required will be based on RoundPoint guidelines. DEED-IN-LIEU POLICY / SPECIAL PROGRAMS RoundPoint will allow for the DIL option, in accordance with MHA and investor guidelines. The DIL option will be included in the SSN or sent as a separate agreement. If the SSN expires and there are no extensions, the default option will be a DIL. AVERAGE TIMELINES RoundPoint will send an SSN or ARSS to borrower, upon request for HAFA. Borrower has 14 calendar days to return all required financial documents. RoundPoint will review the HAFA request and provide a decision or followup within 30 calendar days (subject to investor and mortgage insurance guidelines). Marketing Period- minimum 120 calendar days. Borrower/selling agent must submit the purchase contract within 3 business days of a signed and agreed offer. RoundPoint will provide a decision on the purchase offer within 10 business days of receipt of offer. Short sale closing- minimum of 45 calendar days from approval of the purchase contract.
5 CONTACT INFORMATION HAFA questions related to your loan and transaction status, contact us: Toll Free Number: to speak with your assigned representative. For your convenience, our offices are open Monday through Friday from 8:00 am until 10:00 pm and Saturday from 8:00 am until 12:00 pm Eastern Time Zone. Assistance with understanding HAFA eligibility or a decision, you may contact the Homeowner s HOPE Hotline: Toll Free Number: HOPE ( ) The Homeowner s HOPE Hotline offers free HUD-certified counseling services and is available 24/7 in English and Spanish (other languages are available by appointment). Additional information can be found online: Correspondence: 5032 Parkway Plaza Blvd, Suite 200, Charlotte, NC Toll Free Fax number: THIRD PARTY VENDORS RoundPoint utilizes a third party vendor to provide valuations. For a list of the approved Appraisal Management Companies or BPO vendors, please contact us directly at The information contained herein is for the use of RoundPoint Mortgage Servicing Corporation customers ONLY. This information is subject to change. All requirements listed are for general purpose. For detailed information and requirements, please contact RoundPoint using the contact information supplied. Last Updated: December 2012
CitiMortgage Home Affordable Foreclosure Alternative (HAFA) Matrix
CitiMortgage Home Affordable Foreclosure Alternative (HAFA) Matrix All servicers that have signed agreements with the U.S. Department of the Treasury (Treasury) to participate in the Home Affordable Modification
More informationBank of America Home Affordable Foreclosure Alternative (HAFA) Matrix
Bank of America Home Affordable Foreclosure Alternative (HAFA) Matrix If you do not qualify for the Home Affordable Modification Program (HAMP) or other modification programs that we offer, you will be
More informationUpdated March 2013 WHY SHOULD A BORROWER CONSIDER A HAFA SHORT SALE? ELIGIBILITY REQUIREMENTS
CCO Mortgage, a Division of RBS Citizens NA Home Affordable Foreclosure Alternative (HAFA) Matrix All servicers that signed agreements with the U.S. Department of the Treasury (Treasury) to participate
More informationBank of America Home Affordable Foreclosure Alternative (HAFA) Matrix
Bank of America Home Affordable Foreclosure Alternative (HAFA) Matrix If you do not qualify for the Home Affordable Modification Program (HAMP) or other modification programs that we offer, you will be
More informationWells Fargo Home Affordable Foreclosure Alternatives (HAFA) Matrix
Wells Fargo Home Affordable Foreclosure Alternatives (HAFA) Matrix All servicers that have signed agreements with the U.S. Department of the Treasury (Treasury) to participate in the Home Affordable Modification
More informationHAFA Servicer Training 1
Home Affordable Foreclosure Alternatives (HAFA) Training for Servicers Agenda HAFA Eligibility Criteria HAFA Policy HAFA Documentation Protections Against Unnecessary Foreclosure Resources What Is HAFA?
More informationHome Affordable Foreclosure Alternatives (HAFA)
Home Affordable Foreclosure Alternatives (HAFA) Training for Trusted Advisors Agenda 1 2 3 4 5 6 7 Overview HAFA Eligibility Criteria HAFA Policy HAFA Documentation Protections Against Unnecessary Foreclosure
More informationMaking Home Affordable
Making Home Affordable Overview of Programs What to Expect Overview of MHA Programs This presentation will: Provide an overview of Making Home Affordable (MHA) and its various components. Show you how
More informationMaking Home Affordable Program Request For Mortgage Assistance (RMA)
Making Home Affordable Program Request For Mortgage Assistance (RMA) If you are experiencing a financial hardship and need help, you must complete and submit this form along with other required documentation
More informationRequest for Mortgage Assistance (RMA)
Request for Mortgage Assistance (RMA) If you are experiencing a financial hardship and need help, you must complete and submit this form along with other required documentation to be considered for foreclosure
More informationHAFA Short Sales, US Treasury, Fannie Mae & Freddie Mac Programs. Learning Objectives
HAFA Short Sales, US Treasury, Fannie Mae & Freddie Mac Programs Learning Objectives Module 1: HARP, HAMP & HAFA Overview Upon completion of Module 1 the student will be able to: Explain the advantages
More informationMaking Home Affordable Program Request For Mortgage Assistance (RMA)
Making Home Affordable Program Request For Mortgage Assistance (RMA) REQUEST FOR MORTGAGE ASSISTANCE (RMA) page 1 Loan I.D. Number Servicer Borrower s name BORROWER Co-borrower s name CO-BORROWER Social
More informationFrequently Asked Questions
Frequently Asked Questions 1) What is Florida HFA Hardest-Hit Fund (HHF)? Florida Housing Finance Corporation (Florida Housing) was directed by US Treasury (Treasury) to create and administer foreclosure
More informationAbout Northwest Counseling Service
About Northwest Counseling Service Non Profit Agency No Cost Housing Counseling Services Any Service Related To A Home Specialize In Mortgage Delinquency 96% Rate In Keeping Residents In Homes HUD Certified/OHCD
More informationShort Sales A guide to working with Wells Fargo
Short Sales A guide to working with Wells Fargo J.K. Huey, CMB, AMP Senior Vice President Wells Fargo Home Mortgage National Association of REALTORS New Orleans, LA November 7, 2010 1 Strategic Partnership
More informationIn this case, your mortgage cannot be modified based on the results of your NPV evaluation.
June 1, 2012 Jane Homeowner 123 Main Street Anytown, USA Subject: Decision on your Home Affordable Dear Jane Homeowner: In response to your request for mortgage payment assistance, we re writing to provide
More informationHome Affordable Modification Program (HAMP )
Home Affordable Modification Program (HAMP ) Training for Trusted Advisors April 2015 Making Home Affordable Objectives 1 2 3 4 5 6 Step 1 Step 2 Step 3 Step 4 Step 5 7 8 MHA Program Highlights HAMP Overview
More informationMaking Home Affordable Act Now to Get the Help You Need
Making Home Affordable Act Now to Get the Help You Need Help for America s Homeowners SM MAKING HOME AFFORDABLE The Obama Administration s Making Home Affordable Program is a critical part of the effort
More informationHAMP vs. HARP vs. HAFA
HAMP vs. HARP vs. HAFA Over the last four years, the government has made a few sizable efforts to reduce the rising tide of foreclosures and help a significant number of homeowners stay in their homes.
More informationMaking Home Affordable Program Request For Mortgage Assistance (RMA) page 1
Making Home Affordable Program Request for Mortgage Assistance (RMA) Request For Mortgage Assistance (RMA) page 1 COMPLETE ALL PAGES OF THIS FORM Requesting mortgage assistance for mortgage loan number:
More informationSupplemental Directive 16-02 March 3, 2016. Making Home Affordable Program MHA Program Termination and Borrower Application Sunset
Supplemental Directive 16-02 March 3, 2016 Making Home Affordable Program MHA Program Termination and Borrower Application Sunset In February 2009, the Obama Administration introduced the Making Home Affordable
More informationMHA Reason Codes and Descriptions
MHA s and Descriptions HAMP s MHA Description HAMP Tier 1 1 Ineligible Mortgage Loan is not eligible for modification under the MHA program because it does not meet one or more of the following basic program
More informationAll FHA-Approved Mortgagees Servicing Single Family Mortgages
U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT WASHINGTON, DC 20410-8000 ASSISTANT SECRETARY FOR HOUSING- FEDERAL HOUSING COMMISSIONER July 10, 2014 Mortgagee Letter 2014-15 To All FHA-Approved Mortgagees
More informationFrequently Asked Questions
Frequently Asked Questions 1) What is Florida HFA Hardest-Hit Fund (HHF)? (Florida Housing) was directed by US Treasury (Treasury) to create and administer foreclosure prevention assistance programs that
More informationIntroduction. Lenders, Investors, and Servicers
Introduction The Making Home Affordable Program was announced by the U.S. Department of the Treasury in February 2009 in an effort to help stabilize the housing market and provide relief for struggling
More informationAnnouncement 08-16 June 25, 2008
Announcement 08-16 June 25, 2008 Amends these Guides: Selling Bankruptcy, Foreclosure, and Conversion of Principal Residence Policy Changes; and Revised Property Value Representation and Warranty Requirements
More informationGuide. Completing the Mortgage Assistance Application
Guide Completing the Mortgage Assistance Application Getting Started PNC Mortgage Assistance Application Early communication with PNC is very important to ensure your assistance options are not limited.
More informationHow To Modify A First Lien Mortgage
Making Home Affordable Program and Home Affordable Modification Program Frequently Asked Questions for Bankruptcy Filers Q1. What do these FAQs cover? These FAQs provide information on the Home Affordable
More informationTo see if you qualify for this program, send the items listed below to Northwest Savings Bank.
COMPLETE YOUR CHECKLIST We need this information to help you modify your mortgage payment. To see if you qualify for this program, send the items listed below to Northwest Savings Bank. 1. The enclosed
More informationMaking Home Affordable
Making Home Affordable Working Together to Help Homeowners The Crisis Continues Foreclosures continue to devastate families and communities across the country. 2 Response to the Crisis MHA is part of Administration
More informationFrequently Asked Questions
Frequently Asked Questions On March 26, 2010, the Administration announced several enhancements to the existing Making Home Affordable Program (MHA) and the Federal Housing Administration (FHA) refinance
More informationSupplemental Directive 11-04 May 18, 2011. Making Home Affordable Program Single Point of Contact for Borrower Assistance
Supplemental Directive 11-04 May 18, 2011 Making Home Affordable Program Single Point of Contact for Borrower Assistance In February 2009, the Obama Administration introduced the Making Home Affordable
More informationCo-Borrower s Name Social Security Number. Date of Birth Home Phone Number With Area Code Cell or Work Number With Area Code
Section A BORROWER CO-BORROWER Borrower s Name Social Security Number Co-Borrower s Name Social Security Number of Birth of Birth Home Phone Number With Area Code Cell or Work Number With Area Code Home
More informationHomeowners are NOT eligible if: The loan is a land contract transaction or privately held mortgage A Foreclosure Sale has already been completed
Frequently Asked Questions 1. What is the Michigan s Hardest Hit Funds program? It is a federally funded loan program designed to help eligible homeowners who are struggling to make their mortgage payments.
More informationBorrower FAQ. 1 of 12 8/6/2010 9:11 AM. In this section BORROWER FREQUENTLY ASKED QUESTIONS. Revised June 8, 2010
Text A+ A- A Need urgent help? Contact the Homeowner s HOPE Hotline: (888) 995-HOPE ABOUT ELIGIBILITY LOAN LOOK UP FIND A COUNSELOR REQUEST A MODIFICATION RESOURCES AUDIO AND VIDEO EN ESPAÑOL Borrower
More informationDo You HAFA? The HAFA Short Sale Program under Making Home Affordable 2
Table of Contents Do You HAFA? The HAFA Short Sale Program under Making Home Affordable 2 INTRODUCTION 2 Overview: Making Home Affordable ( MHA ) 2 HOME AFFORDABLE FORECLOSURE ALTERNATIVES PROGRAM ( HAFA
More informationSeller FAQs. If your question is not addressed in this document, please call us at 410-779-1000 and one of our Client Coordinators will assist you.
Seller FAQs You re thinking about a short sale, but want to know more about them. We ve compiled a list of commonly asked questions from sellers just like you. Please read through this document to answer
More informationSupplemental Directive 09-09 Revised March 26, 2010. Home Affordable Foreclosure Alternatives Short Sale and Deed-in-Lieu of Foreclosure Update
Supplemental Directive 09-09 Revised March 26, 2010 Home Affordable Foreclosure Alternatives Short Sale and Deed-in-Lieu of Foreclosure Update Background In Supplemental Directive 09-01, the Treasury Department
More informationShort sale guide. Your guide to the Wells Fargo Short Sale Process
Short sale guide Your guide to the Wells Fargo Short Sale Process The Wells Fargo Short Sale Process We re pleased to have the opportunity to work with you on potential short sale properties. If you re
More informationGLOSSARY COMMONLY USED REAL ESTATE TERMS
GLOSSARY COMMONLY USED REAL ESTATE TERMS Adjustable-Rate Mortgage (ARM): a mortgage loan with an interest rate that is subject to change and is not fixed at the same level for the life of the loan. These
More informationPROPERTY ESCROW #: ***Please add SSPU@TICORTITLE.COM to be cc d in your Equator account.***
PROPERTY LISTING AGENT: SHORT SALE PROCESSING UNIT ESCROW #: EMAIL: EQUATOR LOG IN: PASSWORD: ***Please add SSPU@TICORTITLE.COM to be cc d in your Equator account.*** 1ST CASH Conv 2ND FHA VA 3RD Is homeowner
More informationJuly 9, 2013 Mortgagee Letter 2013-23. All FHA-Approved Mortgagees Servicing Single Family Mortgages
U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT WASHINGTON, DC 20410-8000 ASSISTANT SECRETARY FOR HOUSING- FEDERAL HOUSING COMMISSIONER July 9, 2013 Mortgagee Letter 2013-23 To All FHA-Approved Mortgagees
More informationHAMP Standard and Alternative Modification Waterfalls Training Presentation for Servicers
HAMP Standard and Alternative Modification Waterfalls Training Presentation for Servicers Agenda 1 2 3 4 5 6 7 8 Overview of HAMP Eligibility HAMP Tier 1 Standard Modification Waterfall HAMP Tier 1 Alternative
More informationFrequently Asked Questions Updated 03/2015
Frequently Asked Questions Updated 03/2015 1. What is Florida HFA Hardest-Hit Fund (HHF)? 2. What programs are available? 3. How much assistance is available to me? 4. What are the terms of the assistance?
More informationLOSS MITIGATION APPLICATION
Loan Number: {1} LOSS MITIGATION APPLICATION COMPLETE ALL PAGES OF THIS FORM See Instructions corresponding with numbers in brackets {} on form BORROWER {3} CO BORROWER {4} Borrower s Name Co Borrower
More informationThe Making Home Affordable Program Offers Options for Homeowners in Bankruptcy
The Making Home Affordable Program Offers Options for Homeowners in Bankruptcy By Doreen Solomon, Assistant Director, Office of Oversight, Executive Office for U.S. Trustees, and Erin Sagransky, Policy
More informationSupplemental Directive 15-04 May 21, 2015
Supplemental Directive 15-04 May 21, 2015 Making Home Affordable Program MHA Program Extension and Administrative Clarifications In February 2009, the Obama Administration introduced the Making Home Affordable
More informationWELCOME TO THE MASCIA LAW FIRM NEW CLIENT PACKAGE
In these trying times you need a law firm that believes in you, A firm that will make the impossible, POSSIBLE. WELCOME TO THE MASCIA LAW FIRM NEW CLIENT PACKAGE A WELCOME LETTER FROM MASCIA LAW FIRM On
More informationI. RETURN INTEGRITY & ACCURACY TO FORECLOSURE AND BANKRUPTCY PROCEEDINGS
I. RETURN INTEGRITY & ACCURACY TO FORECLOSURE AND BANKRUPTCY PROCEEDINGS A. Put an end to robosigning - signing affidavits filed with the court without personal knowledge. Affidavits/sworn statements utilized
More informationVersion 4.1 As of December 13, 2012
Version 4.1 As of December 13, 2012 Overview MHA Handbook v4.1 1 FOREWORD...13 OVERVIEW...14 CHAPTER I: MAKING HOME AFFORDABLE PROGRAM...20 1 SERVICER PARTICIPATION IN MHA...21 1.1 Servicer Participation
More informationPROGRAM ELIGIBILITY REQUIREMENTS
New Program Criteria effective June 1, 2012 PROGRAM ELIGIBILITY REQUIREMENTS Are you interested in the HomeSafe Georgia Program? Take a moment to look at the Program and the Eligibility Requirements that
More informationThe key components of the Making Home Affordable Program are:
REVISED AS OF JULY 13, 2009 HOUSING COUNSELOR FREQUENTLY ASKED QUESTIONS 1. What is the Making Home Affordable (MHA) Program? The Making Home Affordable Program is part of the Obama Administration s broad,
More informationInstructions for Mortgage Payment Assistance
Instructions for Mortgage Payment Assistance Below is a list of items needed for the Mortgage Servicing Loss Mitigation team to review your request for mortgage payment assistance. Please return all items
More informationHomeownership Preservation Policy for Residential Mortgage Assets. Section 110 of the Emergency Economic Stabilization Act (EESA)
Homeownership Preservation Policy for Residential Mortgage Assets Section 110 of the Emergency Economic Stabilization Act (EESA) requires that each Federal property manager that holds, owns, or controls
More informationAs part of your evaluation process, your loan was reviewed for all options available to you at the time we received your required documents.
C3_2182 TradSSApprLtr_ND 17281 12/26/2013 Mail Stop TX2-982-03-02 7105 Corporate Dr. Plano, TX 75024 Notice Date: August 28, 2014 Loan No.: Property Address: Sacramento, CA 95826 IMPORTANT MESSAGE ABOUT
More informationMaking Home Affordable. Understanding the Terms of a HAMP Modification: Interest Rate Increase, Impact, and Resources
Making Home Affordable Understanding the Terms of a HAMP Modification: Interest Rate Increase, Impact, and Resources Agenda 1 HAMP Overview 2 HAMP Interest Rate Increase 3 Impact to Homeowners 4 Resources
More informationFreddie Mac Relief Refinance (HARP) Mortgage SM Overview for Housing Counselors March 6, 2013
Freddie Mac Relief Refinance (HARP) Mortgage SM Overview for Housing Counselors March 6, 2013 Robin Stout Migala Freddie Mac Housing & Community Outreach Freddie Mac 2013 1 Home Affordable Refinance Program
More informationHUD Housing Counselors Training
Module 5.2 Study Guide HUD Housing Counselors Training U.S. Department of Housing and Urban Development Table of Contents Module Introduction 3 Module Introduction 3 Lesson Objectives 3 Modifying or Refinancing
More informationHome Affordable Modification Program: Investor Accounting and Reporting Requirements. Elizabeth Fink December 2010
Home Affordable Modification Program: Investor Accounting and Reporting Requirements Elizabeth Fink December 2010 Agenda Home Affordable Modification Program (HAMP) Trial Period Plan Effective Date and
More informationShort Sales: Assessing Viability and Compiling the Package. Outline of Topics. Assessing Viability
Short Sales: and Compiling the Package Presented by Karen G. Courtney Managing Attorney Short Sale Coordination Department Attorneys Title Guaranty Fund, Inc. Betsy Green Short Sale Coordinator Short Sale
More informationFrequently Asked Questions
Frequently Asked Questions 1. What is the Michigan Hardest Hit Fund program? Michigan s Hardest Hit Fund program, also known as, is a federally funded loan program designed to help eligible homeowners
More informationFannie Mae Short Sale: Improving the Short Sale Experience. June 2013
Fannie Mae Short Sale: Improving the Short Sale Experience June 2013 2010 Fannie 2013 Fannie Mae Mae 1 What does Fannie Mae do? Keep funds flowing to the mortgage market Issue mortgage-backed securities
More informationSONYMA The Mortgage Insurance Fund
SONYMA The Mortgage Insurance Fund Single Family - Changes to the Revised Servicing Guide 1. Paragraphs, captions, sentences, and phrases were added to broaden and clarify the various topics of the manual
More informationNeed Help With Your Mortgage?
ACT NOW TO GET THE HELP YOU NEED! Need Help With Your Mortgage? Learn how you may be able to make your mortgage payment more affordable. Beware of Foreclosure Rescue Scams Assistance from a HUD-approved
More informationOcwen Loan Servicing, LLC HELPING HOMEOWNERS IS WHAT WE DO! WWW.OCWEN.COM
Ocwen Loan Servicing, LLC HELPING HOMEOWNERS IS WHAT WE DO! WWW.OCWEN.COM Loan Number: Dear Customer, Ocwen is committed to helping our customers facing financial difficulties. Since 2010, we have successfully
More informationImproving the Short Sale
Fannie Mae Short Sale: Improving the Short Sale Experience An Important Note About the Content of This Presentation While every effort has been made to ensure the accuracy of the content, Fannie Mae s
More informationMaking Home Affordable. Understanding the Terms of a HAMP Modification: Interest Rate Step-Up, Impact, and Resources
Making Home Affordable Understanding the Terms of a HAMP Modification: Interest Rate Step-Up, Impact, and Resources Agenda 1 HAMP Overview 2 HAMP Interest Rate Step-Up 3 Impact to Homeowners 4 Resources
More informationIf this is a HAFA short sale: Please note that contributions are not be allowed in a HAFA short sale from the buyer; seller or agents.
All short sales are processed on Equator.com. Agents must be registered for short sales to be assigned to them. Required Document Checklist must be complete (all documents uploaded into Equator and labeled
More informationShort Sale Package. www.titleassure.com
Short Sale Package www.titleassure.com Ph: 303.219.1459 Fx:303.997.1088 Table of Contents Approach 3 Submission-Approval Process 4 HAFA Provisions/Guidelines.5-7 Mortgage Debt Relief Act... 8-9 Short Sale
More informationMaking Home Affordable
Making Home Affordable Working Together to Help Homeowners March 2013 Making Home Affordable You will be able to print today s presentation and listen to the Encore Replay this evening from HMPadmin.com
More informationSHORT SALES Frequently Asked Questions
SHORT SALES Frequently Asked Questions This factsheet is provided for information purposes only. It is not a substitute for advice from legal, accounting, housing, or real estate professionals. Please
More informationVersion 4.5 As of June 1, 2015
Version 4.5 As of June 1, 2015 MHA Handbook v4.5 i TABLE OF CONTENTS FOREWORD...1 OVERVIEW...2 CHAPTER I MAKING HOME AFFORDABLE PROGRAM...10 1 SERVICER PARTICIPATION IN MHA...11 1.1 Servicer Participation
More informationOcwen Loan Servicing, LLC HELPING HOMEOWNERS IS WHAT WE DO! WWW.OCWEN.COM
12/20/11 Paula Bachaman (203) 548-9046 paula@propertychoicesllc.com Property Address: 1024 Lindley Street, Bridgeport, CT 06606 Borrower Name: Jacqueline Muniz Antonio Muniz RE: Short Sale Request Package
More informationYOUR HOME AFFORDABLE MODIFICATION PROGRAM (HAMP )) GUIDE
YOUR HOME AFFORDABLE MODIFICATION PROGRAM (HAMP )) GUIDE WHAT S INCLUDED IN THIS GUIDE? WHAT IS HAMP?... AM I ELIGIBLE?... HOW IT WORKS... FREQUENTLY ASKED QUESTIONS... HOW TO RETURN DOCUMENTS GUIDE...
More informationCALL TODAY: 480.948.6260. Options for Avoiding Foreclosure in Arizona ArizonaForeclosureRelief.com
Options for Avoiding Foreclosure in Arizona ArizonaForeclosureRelief.com Thank you for taking the time to request our free report on how to avoid foreclosure in Arizona. We greatly empathize with anyone
More informationSupplemental Directive 11-12 December 27, 2011. Making Home Affordable Program Servicing Transfers
Supplemental Directive 11-12 December 27, 2011 Making Home Affordable Program Servicing Transfers In February 2009, the Obama Administration introduced the Making Home Affordable (MHA) Program to stabilize
More informationNorth Carolina Housing Finance Agency Fund Overview
North Carolina Housing Finance Agency Fund Overview Since the implementation in 2010 Assisted 19,872 N.C. Homeowners Receive an average of 400 applications per month Mortgage Payment Program (MPP) pays
More informationGeneral Program Questions
General Program Questions What is Save the Dream Ohio (Ohio s Hardest-Hit Fund)? The Housing Finance Agency Innovation Fund for the Hardest-Hit Housing Markets gave 18 states including Ohio, via Save the
More informationAgent s Short Sale Pre-Screening Checklist
Agent s Short Sale Pre-Screening Checklist Sellers Property Address Date: Short sale transactions can take a lot of time and effort. Pre-screening a prospective short sale listing is one of the best ways
More informationAnnouncement SVC-2011-06 May 26, 2011. Updates to Imminent Default Definition and Determining Market Value for Preforeclosures
Announcement SVC-2011-06 May 26, 2011 Updates to Imminent Default Definition and Determining Market Value for Preforeclosures Introduction This Announcement describes updates to several servicing policies,
More informationMaking Home Affordable. The Second Lien Modification Program (2MP) for Trusted Advisors
Making Home Affordable The Second Lien Modification Program (2MP) for Trusted Advisors Agenda 1 2 3 4 5 6 7 8 9 10 11 12 Overview Eligibility Lien Matching Process Evaluation 2MP Modification Waterfall
More informationCentral Mortgage Company
Central Mortgage Company Dear Borrower Are you struggling with your mortgage payment? We are concerned about your missed or potentially missed mortgage payment and want you to be aware of assistance available
More informationIRS Form 4506T-EZ Request for Transcript of Tax Return Allows Chase to receive a transcript of your tax return to verify income information
SHORT SALE INFORMATION PACKET In order for us to evaluate your Short Sale request, you must complete this packet, sign in all the required places and fax or mail it to Chase with the required documentation.
More informationPrincipal Reduction Program
1. Overview The Principal Reduction ( PRP ) is one of CalHFA MAC s federally-funded programs developed with a goal to provide capital to homeowners who have suffered an eligible hardship in order to reduce
More informationSupplemental Directive 15-06 July 1, 2015 Making Home Affordable Program Streamlined Modification Process
Supplemental Directive 15-06 July 1, 2015 Making Home Affordable Program Streamlined Modification Process In February 2009, the Obama Administration introduced the Making Home Affordable (MHA) Program
More informationUSDA Rural Development/Special Loan Servicing
Guidance Lender (Loan Holder/Loan Servicer) Borrowers USDA Rural Development/Special Loan Servicing The Lender must be a Section 502 Single Family Housing Guaranteed Loan Program approved Lender. The current
More informationSupplemental Documentation Frequently Asked Questions Home Affordable Modification Program
AS OF JULY 15, 2010 Supplemental Documentation Frequently Asked Questions Home Affordable Modification Program These frequently asked questions clarify the Supplemental Directives issued in connection
More informationAcquiring Institutions under Share Loss Agreements and LLC Servicers under LLC Servicing Agreements
Federal Deposit Insurance Corporation Division of Resolutions and Receiverships 550 17 th Street, NW, Washington, DC 20429-9990 Risk Sharing Asset Management To: From: Acquiring Institutions under Share
More informationWhat are the HHF program eligibility criteria?
FREQUENTLY ASKED QUESTIONS What is the Hardest Hit Fund Program (HHF)? What are the HHF program eligibility criteria? What property types are eligible for HHF assistance? I or my spouse is in the U.S.
More informationLoss Mitigation Pre-Foreclosure Sale Request Instructions & Disclosures
Loss Mitigation Pre-Foreclosure Sale Request Instructions & Disclosures Member Name: Loan Number: If you have received a valid, reasonable, offer to purchase your home prior to a foreclosure and you would
More informationFOREWORD... 1 OVERVIEW... 2 CHAPTER I MAKING HOME AFFORDABLE PROGRAM... 10 1 SERVICER PARTICIPATION IN MHA... 11 2 COMPLIANCE...
Version 5.1 As of May 26, 2016 TABLE OF CONTENTS FOREWORD... 1 OVERVIEW... 2 CHAPTER I MAKING HOME AFFORDABLE PROGRAM... 10 1 SERVICER PARTICIPATION IN MHA... 11 1.1 Servicer Participation Agreement...
More informationMaking Home Affordable Data File User Guide
Making Home Affordable Data File User Guide Version 7.0 As of June 12, 2014 Making Home Affordable Data File User Guide June 12, 2014 Introduction In early 2009, President Obama announced the Making Home
More informationBorrower Response Package Directions Mortgage Assistance Request Form Follows
Borrower Response Package Directions Mortgage Assistance Request Form Follows If you are experiencing a temporary or long-term hardship and need help, you must complete and submit this form along with
More informationHOME PRESERVATION BASICS
HOME PRESERVATION BASICS - Know what to do and when to do it The current economic crisis has greatly affected the housing industry, and our local community is no exception. This has forced different households
More informationWelcome to our Reverse Mortgage Servicing Department
Welcome to our Reverse Mortgage Servicing Department New Loan Reference Booklet Reverse Mortgage Frequently Asked Questions 1. HOW CAN I REQUEST FUNDS FROM MY LINE OF CREDIT? If you selected a line of
More informationFHA Servicing Compliance The Collingwood Group Conference Call Summary April 12, 2012
FHA Servicing Compliance The Collingwood Group Conference Call Summary April 12, 2012 Below is a summary of the April 12, 2012 mortgage industry call sponsored by The Collingwood Group. Questions may be
More informationHomeowner Request for Assistance
Homeowner Request for Assistance In this packet. Thank you in advance for allowing your Credit Union to review your account for mortgage assistance. Homeowner Checklist Details the documents and forms
More informationForeclosure Options. Know Your Rights! Your Trusted Real Estate Resource
Foreclosure Options Know Your Rights! Kirk Russell Managing Broker John L. Scott Firm Kirkrussell@johnlscott.com 206.390.5640 Your Trusted Real Estate Resource If you re listed with a license Realtor,
More informationBankruptcy and Short Sales
Bankruptcy and Short Sales What agents need to know April 2013 Bankruptcy and Short Sales What happens to the short sale if the seller files for bankruptcy? Bank of America can review a short sale offer
More informationQ. Under what circumstances wil my loan be cal ed due and payable? Q. What happens if one of the above occurs and my loan is cal ed due and payable?
Financial Freedom, as servicer for your Home Equity Conversion Mortgage ( HECM or loan ), is required by the U.S. Department of Housing and Urban Development ( HUD ) to perform certain actions depending
More information