MHA Supplemental Directive 14-04 Making Home Affordable Program-Program Updates
On October 30, Making Home Affordable (MHA) issued an update titled Supplemental Directive 14-04: Making Home Affordable-Program Updates.
Supplemental Directive 14-04: Making Home Affordable Program – Program Updates
Today, October 30, 2014, Supplemental Directive 14-04: Making Home Affordable Program – Program Updates was issued, providing updates and administrative clarifications on the following topics as they relate to the Home Affordable Modification Program® (HAMP) and the Home Affordable Foreclosure Alternatives® (HAFA) Program:
- HAMP Tier 2 Interest Rate Adjustment
- HAFA® Relocation Assistance
- HAFA Investor Reimbursement of Subordinate Lien Releases
- HAFA Reporting
This SD amends and supersedes the notated portions of the Handbook and, as stated therein, is effective January 1, 2015 and February 1, 2015.
This guidance does not apply to mortgage loans that are owned or guaranteed by Fannie Mae or Freddie Mac (each, a GSE), insured or guaranteed by the Department of Veterans Affairs, the Department of Agriculture’s Rural Housing Service or the Federal Housing Administration.
Read SD 14-04 in its entirety for more information.
As a reminder, due to system maintenance, HMPadmin.com will be unavailable to servicers from 8:00 a.m. ET Saturday, November 1 through 8:00 a.m. ET Monday, November 3. It is recommended that servicers download and save SD 14-04 before that time if this document is needed over the weekend. SD 14-04 will be available once maintenance is completed by 8:00 a.m. Monday, November 3.
Email4 the HAMP Solution Center or call 1-866-939-4469.
Please click here to view the update online.
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