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2010 09 16 MHA Process Flow for HAMP_SR20100527-QC JM.ppt

MHA

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Slide 2

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Agenda

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Treasury’s HAMP Guidance

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www.HMPadmin.com

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GSE Guidance on www.efanniemae.com & www.freddiemac.com

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Slide 7

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Slide 8

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HAMP Process Flow

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Slide 10

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GSE Specific Guidance Evaluation of Imminent Default

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HAMP Process Flow

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Slide 13

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Step 1: Capitalize delinquent interest and escrow advances.

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Waterfall Process Step 1 Graphic

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Step 1: Capitalize delinquent interest and escrow advances.

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Escrow Advances and Future Escrow Shortage (S)

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Escrow Analysis without Capitalization Amount

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Escrow Analysis with Capitalization Amount

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Step 2: Reduce the interest rate

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www.freddiemac.com for PMMS Rate

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Step 3: Extend the term

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Step 4: Forbear Partial Principal

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SD 10-01: Principal Forbearance Limitation

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HAMP Process Flow

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Slide 26

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Log in to www.HMPadmin.com

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Open NPV Excel Spreadsheet (Enable Macro)

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NPV data

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Hit Validate copy C:\WINDOWS\.... Then OK

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NPV Transaction Portal: login is HMPadmin.com id

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NPV Transaction Portal

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NPV Results Notification will be emailed

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Retrieve the NPV Results

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NPV Results

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NPV Best Practice

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HAMP Process Flow

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Slide 38

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Trial Period Effective Date/ 1st Payment Due Date

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HAMP Process Flow

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Incomplete Documentation

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HAMP Trial Period Plan Notice

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Non-Approval Notice

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Slide 46

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Slide 47

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Conversion from Trial to Permanent Modification

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HAMP Process Flow

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Reporting to Treasury

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Reporting to Trial and Official Mod activity

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Log in to www.HMPadmin.com

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Reporting in the HAMP Reporting Tool- Trial Setup

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Reporting in the HAMP Reporting Tool- Official Setup

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Upload Zip, XML or CSV files

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Fannie Mae Response Files

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List of Files Received

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Fannie Mae Response Files

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Errors and Warning

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Supplemental Directives, Lender Announcements, Chapters and Bulletins

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Supplemental Directives

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Supplemental Directives (Cont.)

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Supplemental Directives (Cont.)

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Slide 64

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Supplemental Directives (Cont.)

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Slide 66

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Slide 67

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Freddie Mac Resources

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Fannie Mae additional tools

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Slide 70

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The Learning Center on HMPadmin.com

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Recommended order of HAMP Training Webinars

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Next steps

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Questions?

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Fannie Mae GSE Guidance

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Fannie Mae GSE Guidance

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Fannie Mae GSE Guidance

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Freddie Mac Guidance

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Freddie Mac Guidance


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