MHA HAMP Reporting Update Q1 2015 Base NPV Documentation Supplement Available
On March 3, Making Home Affordable (MHA) released a HAMP Reporting Update, subtitled Q1 2015 Base NPV Documentation Supplement Available.
HAMP REPORTING UPDATE
Q1 2015 Base NPV Documentation Supplement Available
The Q1 2015 Base NPV Model Documentation Supplement is now available for the Home Affordable Modification Program® (HAMP) for use with Base NPV Model Version 6.0 beginning April 1, 2015. 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 Q1 2015 data tables for use beginning April 1, 2015.
To fulfill model versioning requirements, servicers should continue to use the Base NPV Model Version 5 and the Q4 2014 data tables for January 1 through March 31, 2015, and other appropriate supplement data tables for earlier quarters.
Email the HAMP Solution Center or call 1-866-939-4469.
Please click here to view the online update.
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