MHA Q2 2015 Base NPV Model Documentation Supplement Available
On June 2, Making Home Affordable (MHA) released an update titled Q2 2015 Base NPV Model Documentation Supplement Available.
Q2 2015 Base NPV Model Documentation Supplement Available
The Q2 2015 Base NPV Model Documentation Supplement (login required) is now available for the Home Affordable Modification Program® (HAMP) to use with Base NPV Model Version 6.0 beginning July 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
- Prepayment 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 Q2 2015 data tables for use beginning July 1, 2015.
To fulfill model versioning requirements, servicers should continue to use the Q1 2015 data tables for April 1 through June 30, 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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