MHA Q4 2013 Base NPV Documentation Supplement
On December 2, Making Home Affordable (MHA) released an update titled Q4 2013 Base NPV Documentation Supplement Available.
Q4 2013 Base NPV Documentation Supplement Available
The Q4 2013 Base NPV Model Documentation Supplement is now available for the Home Affordable Modification Program® (HAMP) for use beginning January 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
- HAMP Tier 2 Assumptions and Parameters
Servicers can access the Q4 2013 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 Q4 2013 data tables for use beginning January 1, 2014.
To fulfill model versioning requirements, servicers should continue to use the Q3 2013 data tables for October 1 through December 31, 2013, and other appropriate supplement data tables for earlier quarters.
To view the online update, please click here.
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