MHA SD 13-12 Administrative Clarifications
On December 10, Making Home Affordable (MHA) released Supplemental Directive 13-12: Making Home Affordable Program – Administrative Clarifications.
Supplemental Directive 13-12: Making Home Affordable Program – Administrative Clarifications
Today, December 10, 2013, Supplemental Directive (SD) 13-12: Making Home Affordable Program – Administrative Clarifications was issued, providing administrative clarifications and updates to the Home Affordable Modification Program® (HAMP), Second Lien Modification ProgramSM (2MP), Home Affordable Foreclosure Alternatives® (HAFA) Program, Treasury FHA-HAMP and Rural Development-HAMP (RD-HAMP).
The following topics are covered in SD 13-12:
- Suspension of a Referral to Foreclosure
- Reporting Requirement Beyond Five-Year Incentive Period
- HAFA® Consideration of Non-Borrowers Following Death and Divorce
- Debt-to-Income (DTI) Consideration for 2MP Eligibility
- Matching Second Liens to First Lien GSE Standard Modifications
- Federal Government Shutdown Handbook Mapping
- Handbook Mapping Clean-Up and Clarifications
This SD amends and supersedes notated portions of the Handbook, and except as stated therein, is effective immediately.
Except as noted therein, this guidance does not apply to mortgage loans that are owned or guaranteed by Fannie Mae or Freddie Mac, or insured or guaranteed by the Veterans Administration, the Department of Agriculture’s Rural Housing Service (RHS) or the Federal Housing Administration (FHA).
Read SD 13-12 in its entirety for more information.
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