MHA HAMP Reporting Update Q3 2014 Base NPV Documentation
On September 2, Making Home Affordable (MHA) released a HAMP Reporting Update, subtitled Q3 2014 Base NPV Documentation Supplement Available.
HAMP REPORTING UPDATE
Q3 2014 Base NPV Documentation Supplement Available
The Q3 2014 Base NPV Model Documentation Supplement is now available for the Home Affordable Modification Program® (HAMP) for use beginning October 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
Servicers can access the Q3 2014 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 Q3 2014 data tables for use beginning October 1, 2014.
To fulfill model versioning requirements, servicers should continue to use the Q2 2014 data tables for July 1 through September 30, 2014, 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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