MHA HAMP Reporting Update Q2 2016 Base NPV Documentation Supplement Available
Investor Update
June 3, 2016
The Q2 2016 Base NPV Model Documentation Supplement is now available for the Home Affordable Modification ProgramSM (HAMP®) for use with Base NPV Model Version 7.0 beginning July 1, 2016. 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
Servicers can access the Q2 2016 Base NPV Model Documentation Supplement in the Base NPV Model Tools & Documents section of HMPadmin.com (login required).
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 2016 data tables for use beginning July 1, 2016.
To fulfill model versioning requirements, servicers should continue to use the Q1 2016 data tables for April 1 through June 30, 2016, and other appropriate supplement data tables for earlier quarters.
FHA Non Performing Loan Sale (NPL) Job Aid Posted
In connection with recent HUD guidance, MHA has created the FHA NPL Job Aid to assist servicers with setting up Servicing Transfers (SVT) of FHA NPL populations. This job aid is posted on the Learning Center tab under Job Aids on HMPadmin.com.
Please refer to this document for instructions on how to process FHA NPL servicing transfer requests to the HAMP Reporting Tool.
Questions?
Email the HAMP Solution center or call 1-866-939-4469.
Source: MHA