MHA HAMP Q2 2014 Base NPV Documentation Available
On June 13, Making Home Affordable (MHA) released a HAMP update titled Q2 2014 Base NPV Documentation Supplement Available.
Q2 2014 Base NPV Documentation Supplement Available
The Q2 2014 Base NPV Model Documentation Supplement is now available for the Home Affordable Modification Program® (HAMP) for use beginning July 1, 2014. The supplement provides the following:
- REO Sale Value Parameters
- Historical and Projected Home Price Index
- Foreclosure and REO Disposition Timelines and Costs
- Home Price Decline Protection Incentive Matrix
- Default Model Parameters
- Pre-payment Model Parameters
- HAMP Tier 2 Assumptions and Parameters
Important Actions for Certain Servicers: HAMP-registered servicers using an NPV model that has been implemented or customized for their own systems must implement the new Q2 2014 data tables for use beginning July 1, 2014.
To fulfill model versioning requirements, servicers should continue to use the Q1 2014 data tables for April 1 through June 30, 2014, and other appropriate supplement data tables for earlier quarters.
Base NPV v5.0 Documentation Update
Base NPV Model v5.0 Documentation has been revised to include changes to Tier 2 program parameters. It can be found in the Base NPV Model Tools & Documents section of HMPadmin.com (login required).
Please click here to view the online update.
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