MHA HAMP Reporting Update: HAMP Reporting System Post Release Message and Independence Day Holiday Support and System Availability
Investor Update
June 26, 2017
Today, June 26, 2017, Fannie Mae, as Program Administrator for the Home Affordable Modification Program (HAMP), has implemented functionality in the HAMP Reporting Tool that supports:
Updates to Servicing Transfer Deal Setup Edits
- Transfer or Assignment Effective Date for MHA Eligible loans in a Servicing Transfer deal is extended to 5/1/2018. After
such date, all loans included in a Servicing Transfer deal must match to a Trial or Official Modification currently in the HAMP Reporting System.
- At least one loan which is included in a Servicing Transfer deal must now pass all Hard Stop and Soft Check edits in order for the deal to be successfully set up.
Remodifications of Treasury FHA-HAMP Loans
- A servicer may re-modify a Treasury FHA-HAMP modification that has lost its FHA insurance into a Tier 2 or Streamline HAMP modification.
- FHA-HAMP / 1MP Loan Setup edits are updated to allow servicers to report a Tier 2 or Streamline HAMP modification if there is a prior Treasury FHA-HAMP modification in Official Disqualified or Withdrawn state.
- HA-HAMP edits requiring the initial modification term to have elapsed prior to allowing a servicer to report a Treasury FHA-HAMP modification as Withdrawn are removed.
Servicers are encouraged to review updates related to this release from the program-specific sections on HMPadmin.com.
Independence Day Holiday Support and System Availability
Due to the observance of Independence Day, the HAMP Reporting System response files will not be available between 8:00 p.m. ET on Monday, July 3, 2017 and 8:00 a.m. ET on Wednesday, July 5, 2017; they will be sent as soon as the system is available.
During this timeframe, the HAMP Reporting Tool will be available for servicers to submit and upload HAMP loan data files. The corresponding Black Knight response files will be provided as usual.
The HAMP Solution Center (HSC) will close at 6:00 p.m. ET on Monday, July 3, 2017 and will resume operations at 9:00 a.m. ET on Wednesday, July 5, 2017. Servicers may contact the HSC by phone or email at any time; however, phone messages and emails will be held in queue until the center reopens on Wednesday.
The NPV Transaction Portal will be available for normal processing during this period.
Source: MHA