Writing an effective hardship letter mortgage relief project. Please have your suntrust mortgage loan number ready when you call. Hamp is part of the making home affordable program mha, established in concert with the hardest hit fund program hhf under the troubled asset relief program tarp, a part of the emergency economic stabilization act of 2008. Request for mortgage assistance form completing this form will help us understand your current situation. Borrowers must submit a hardship affidavit explaining why they cannot make full mortgage payments. I certify that all of the information in this hardship affidavit is truthful and the events identified above hashave contributed to my need for a foreclosure prevention alternative relating to my mortgage loan. If any borrower chooses not to provide the government monitoring data, or any part of it, the servicer must note that fact on the hardship affidavit in the space provided. Request for mortgage assistance form rfdoctype 50431 page 2 of 10 78381mu 0512 barcode bankruptcy case number. The following information is requested by the federal government in order to monitor compliance with federal statutes that prohibit discrimination in housing. On march 30, hamp released updated rma form now available. Fnma revised home affordable modification trial period.
It can also be considered to be a sworn statement of fact from which the lender will draw its final conclusions if. The advanced tools of the editor will lead you through the editable pdf template. A complete tax authorization form irs form 4506tez. No hamp backup modificationrelated fees may be charged to a borrower. For further assistance with these programs, you may reach our representatives at 800. Are you or any coborrower currently in or being considered for a hamp trial period plan on a property other than your principal residence. Completion of a hardship affidavit and appropriate supporting. Home affordable modification program hardship affidavit form. Affidavit in connection with the hamp furnish the government monitoring data. T he mortgagor has not received a loan modification or fha hamp in the previous 24 month period.
If you are in the process of getting a hamp modification but still have unanswered questions, call us. Fhahamp typically involves the combination of a loan modification and a partial claim. I understand that my servicer will collect and record personal information that i submit in this hardship affidavit and during the evaluation process, including, but not limited to, my name, address, telephone number, social security number, credit score, income, payment history, and information about my account balances and activity. Home affordable modification program hamp for homeowners. Under hamp, the treasury pictured above provides capped for modification and affidavit rma form. However, fha hamp may now involve the use of one or both of those loss mitigation options. Making home affordable program request for modification. Home affordable modification program hardship affidavit form 1021. Are servicers required to submit any treasury hamp forms such as those for trial mod, hardship affidavit, form 4506t, etc. Hamp summary for judges national consumer law center. Fhahamp can be utilized only if the mortgagors does not qualify for current loss mitigation home retention options priority order fha special forbearance, loan modification and partial claim under existing guidelines ml 200821, 200319, 200217, 200005.
Additional information about assistance options is available in sections 1721, including faqs and homeowners hotline. Principles for posthamp loan modifications mortgage. Borrowers must submit a hardship affidavit explaining why they cannot make full mortgage. Thats why were providing you with the attached customer hardship assistance package, which will help us determine whether you qualify for hardship. Ocwen loan servicing helping homeowners is what we do. If i ever received a letter, it was a form letter that listed every component of the rma and was meaningless. Hardship affidavit borrower coborrower request for modification and affidavit rma page 1 complete all three pages of this form printform. However, fhahamp may now involve the use of one or both. Home affordable modification program hardship affidavit us. You are not required to furnish this information, but are encouraged to do so. A foreclosure defense or loss mitigation attorney can assist you with writing this letter and will submit it. The home affordable modification program hamp, a national mortgage modification program, provides eligible borrowers the opportunity to modify their first lien mortgage loans to make them more affordable.
Has the mortgage on any other property that you or any coborrower own had a permanent hamp modification. I understand that having a financial hardship is a condition to receiving a mortgage modification under hamp. It can also be considered to be a sworn statement of fact from which the lender will draw its final conclusions if it can help a homeowner or not. Hamp bldg 7 b6ym10011 3232 newmark drive miamisburg, oh 45342.
Fnma revised home affordable modification trial period plan. Hardship affidavit verified income npv test will the investor profit more by a mod than without a mod. Making home affordable program and home affordable modification program frequently asked questions for bankruptcy filers q1. Request for mortgage assistance california short sale solutions. Well work with you to find a solution as quickly as possible. Iwe certify that myour property is owneroccupied and iwe have not received a condemnation notice. Additionally, an updated home affordable modification program hamp hardship affidavit selling and servicing guide form 1021 was posted to. Program leverage with other financial resources this program is designed to complement and supplement hamp, non hamp or other lenderservicer workout solutions. The way to complete the online hardship affidavit on the internet. Home affordable modification program hardship affidavit keywords.
Apr 10, 2020 in order to apply for a hamp loan modification, you will need to complete a request for modification assistance rma form with supporting. A hamp compliant hardship affidavit pay stubs or vouchers for those who are employed documentation of other income, such as bonuses, commissions, tips, alimony, social security. These faqs provide information on the home affordable modification program hamp, which is one option under the governments making home affordable program. Pnc mortgage home affordable foreclosure alternative hafa matrix page 2 of 4 o copy of most recently filed signed federal income tax return with all schedules for each borrower who receives a salary or hourly wages. Additionally, an updated home affordable modification program hamp hardship affidavit selling and servicing guide form 1021 was posted to on friday, august 14. In order to apply for a hamp loan modification, you will need to complete a request for modification assistance rma form with supporting. Hamp data collection and reporting requirements guidance. Hamp streamline eligibility affidavit home affordable modification. Hardship affidavit, documentation, and written explanation. A complete request for modification and affidavit rma. A summary of eligibility under this program is as follows. Eligibility existing mortgage must be a fhainsured single family mortgage 14 units. Hasthe mortgage on any other property that you or any coborrower own had a permanent hamp modification.
Hamp is a voluntary program that supports servicers efforts to modify. Pursuant to supplemental directive 0901, servicers are required to periodically provide hamp loan level data to fannie mae, as hamp program administrator. Hamp is a voluntary program that supports servicers efforts to modify mortgages, while protecting taxpayers interests. Documentation requirements preapproved short sale 1. Mortgages previously modified under hamp are ineligible. Pnc mortgage home affordable foreclosure hafa matrix. Affordable modification program hamp to attempt to systemize loss. If you are in the process of getting a hamp modification but still have unanswered questions, call us and we can help find the answers. A foreclosure defense or loss mitigation attorney can assist you with writing this letter and will submit it along with your other financial. Hamp is floor, not ceiling servicers can do modifications that go deeper than hamp and still receive incentive payments servicers can offer nonhamp modifications, although everyone should be screened for and offered a hamp mod. West palm beach, fl 33409 1661 worthington road, ste.
Hardship affidavit home affordable modification program. Has the mortgage on your principle residence ever had a home affordable modification program hamp trialperiod plan or permanent modification. To apply for hamp, homeowners must submit an initial package to. If you are experiencing a financial hardship and need help, you must complete. Servisone dba bsi financial services home affordable. In fact, the hardship letter or hardship affidavit, written by the homeowner, is required in the loan modification process, even if you have a foreclosure defense attorney representing you. You must provide information about yourself and your intentions to. The affidavit pronounced by many as affidavid is basically a formal hardship letter to the lender advising them what the reason is for the application for assistance. The home affordable refinance program is a comprehensive financial stability plan to stabilize the housing market. Use this stepbystep guide to complete the hardship affidavit form promptly and with ideal accuracy. A borrower has documented a financial hardship, evidenced by a signed hardship affidavit or rma, wherein the borrower has represented that he or she does not have sufficient liquid assets to make the monthly mortgage payments.
Hamp npv standard used by all hamp servicers fdic loan mod in a box. Hardship affidavit rental property certification doddfrank certification government monitoring data gmd borrower coborrower acknowledgement and agreement. A hampcompliant hardship affidavit pay stubs or vouchers for those who are employed documentation of other income, such as bonuses, commissions, tips, alimony, social security. Fha hamp can be utilized only if the mortgagors does not qualify for current loss mitigation home retention options priority order fha special forbearance, loan modification and partial claim under existing guidelines ml 200821, 200319, 200217, 200005. Firstlien mortgages owned, guaranteed, or securitized by freddie mac. This program is designed to complement and supplement hamp.
Borrower must not have been convicted of a felony larceny, theft, fraud, forgery, money laundering, or tax evasion in connection with a mortgage or real estate. Apr 21, 2017 with hamp funds will be paid to the servicer through this program to help the homeowner qualify for a modification. Not that i know of, but i am pretty sure they will not give you a hamp with a substantial amount of money in the bank even though legally they cannot tell you that is the reason for denial. Making home affordable program request for modification and. Service schedule b1 rhode island housings loan modification. An example of such hardship includes a service member citing a permanent change of station order as the. Fannie mae freddie mac form 710 mortgage assistance. Bank home affordable foreclosure alternative hafa matrix. If you are experiencing a financial hardship and need help, you must complete and submit this form along with other required documentation to be considered for foreclosure prevention options under the making home affordable mha program. Making home affordable program request for mortgage. Loan modification assistance lma summary guidelines 1. Borrower must not have been convicted of a felony larceny, theft, fraud, forgery, money laundering, or. Home affordable modification program hardship affidavit.
Making home affordable program and home affordable. Home affordable modification program hamp for homeowners in. My cash reserves, including all liquid assets, are insufficient to maintain my current mortgage payment and cover basic living expenses at the same time. The home affordable modification program hamp is a government program introduced in 2009 to respond to the subprime mortgage crisis. Hardship affidavit fill out and sign printable pdf. On august 17, fannie mae posted on revised versions of the home affordable modification trial period plan and home affordable modification agreement special purpose legal documents forms 3156 and 3157 respectively. Evidence of income documentation must not be greater than 90 days old from the date the servicer receives it. Forbearance special forbearance reduced forbearance loan modification partial claim home affordable modification plan hamp preforeclosure sale. An ability to make their monthly mortgage payments after a modification.
Fha hamp typically involves the combination of a loan modification and a partial claim. Intentionally defaulted means the mortgagor had available funds that could pay their mortgage and other debts without hardship, but failed to pay. Hardship affidavit page 2 of 4 april 2009 information for government monitoring purposes. Hardship affidavit including dodd frank certificationrequest for mortgage assistance rma 2. The loan cannot have been previously modified under hamp for hamp tier 1 modifications. Servicers have the option of using these revised documents immediately. In order to be evaluated for a foreclosure prevention alternative foreclosure prevention alternative offered by. In such circumstances, and if the hardship affidavit is completed in a facetoface setting, the.
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