MHA HAMP Reporting Update GSE HAMP Modifications ? Dodd Frank Certification (DFC) Signature Date Reporting
Investor Update
June 10, 2016
Per MHA policy waiver Ref. ID 20160510, loans with a Sixth Anniversary Date of January 1, 2016 and prior with an executed DFC or GSE equivalent on or before January 31, 2016 are eligible to receive the $5,000.00 Borrower Pay for Performance incentive if the loan was in good standing on the Sixth Anniversary Date and had not been paid in full.
All servicers with loans meeting these criteria should report them into the HAMP® Reporting Tool using the approved reporting workaround for the Dodd-Frank Certification Signature Date field (DD1117) to indicate a value of 1/1/16. Once such loans are reported into the HAMP Reporting Tool, the associated incentive payments will be processed and disbursed the same month they are reported.
Questions?
Email the HAMP Solution center or call 1-866-939-4469.
Source: MHA