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MHA by Mind Map: MHA
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MHA

Resources

www.HMPadmin.com

www.efanniemae.com

www.freddiemac.com

For questions regarding: * Supplemental Directives, policy clarifications, and loan-level questions for Non-GSE Mortgages * All reporting to Treasury for Non-GSE Mortgages

Chapter 1: Making Home Affordable Program (MHA)

1. Servicer Participation in MHA

2. Compliance

Chapter 2: Home Affordable Modification Program (HAMP)

1. Eligibility

2. Communication and Borrower Notices

3. Protections Against Unnecessary Foreclosure

4. Request for Modification

5. Verification

6 Underwriting

7. Net Present Value (NPV) Testing

Glossary

MHA Glossary: GSE MHA - Making Homes Affordable SPA - Servicer Participation Agreement Short sales - DIL - Deed in Lieu Loan modification PSA - Pooling and Servicing Agreements HFSTHA - Helping Families Save Their Homes Act of 2009 Servicer Safe Harbor Truth in Lending Act Treasury HAMP 2MP HAFA FHA - Federal Housing Administration federal law, state law, statutes, regulations, ordinances, administrative rules and orders that have the effect of law, judicial rulings and opinions Federal Trade COmmission Act ECOA - The Equal Credit Opportunity Act Fair Housing Act RESPA - The Real Estate Settlement Procedures The Fair Debt Collection Practices Act Fair Lending Laws red-lining Fair Credit Reporting Act NPV Section 3 of Chapter II TPP - Trial period plan Chapter 7 Bankruptcy Chapter 13 Bankruptcy UP RHS SFDMS - FHA Single Family Default Monitoring System GLS - RHS Guaranteed Loan System Chapter Section Balloon loans redemption period Inter vivos revocable trust Subordinate LIens HUD quitclaim deed RMA - Request for Modification and Affidavit (available on www.HMPadmin.com) HEL - Home equity loan HELOC - home equity line of credit Exhibit A HAMP Additional Data REquirements Data DIctionary (available on www.HMPadmin.com) financial stability act of 2009 Exhibit B IRS Form 4506-T IRS Form 4506T-EZ GMD - Government MOnitoring Data