template version date: october 2017 - michigan · a data dictionary has been provided to assist in...

This document describes the Housing Finance Agency (HFA) Hardest-Hit Fund (HHF) data that state HFAs are required to provide to the U.S. Department of the Treasury. It includes quarterly borrower characteristic data and program specific performance data. All HFA HHF data submitted to the U.S. Department of the Treasury must be accurate, complete, and in agreement with retained HFA records. Data should be reported by each state HFA by the 45th day following the quarter.

Data requested in the "Borrower Characteristic" worksheet should be reported in aggregate for all HHF programs run by the state HFA. Program specific data is separated into reporting tabs for each individual program. State HFAs should report program performance data on an individual program basis. A data dictionary has been provided to assist in the definition of each data point.

Template Version Date: October 2017

of 22

12 Number of Unique Borrowers Receiving Assistance 452 40,3213 Number of Unique Borrowers Denied Assistance 436 26,4544 Number of Unique Borrowers Withdrawn from Program 296 16,6735 Number of Unique Borrowers in Process N/A 4246 Total Number of Unique Borrower Applicants N/A 83,87278 Total Assistance Provided to Date $30,020,608 $660,193,6039 Total Spent on Administrative Support, Outreach, and Counseling $1,059,434 $53,628,243

2223 Alcona 1 2624 Alger 0 1725 Allegan 0 31726 Alpena 2 14027 Antrum 0 6728 Arenac 0 6929 Baraga 0 1930 Barry 1 20831 Bay 14 69032 Benzie 0 8433 Berrien 2 43034 Branch 1 9935 Calhoun 3 56336 Cass 2 14337 Charlevoix 1 8938 Cheboygan 1 13439 Chippewa 0 10640 Clare 2 16841 Clinton 1 23142 Crawford 1 7343 Delta 0 13944 Dickinson 0 6245 Eaton 4 50946 Emmet 0 12647 Genesee 26 188748 Galdwin 1 11749 Gogebic 1 7150 Grand Traverse 1 30951 Gratiot 1 16452 Hillsdale 2 15953 Houghton 0 5654 Huron 0 11555 Ingham 33 129056 Ionia 1 31157 Iosco 0 7158 Iron 0 759 Isabella 1 19760 Jackson 19 79561 Kalamazoo 11 67462 Kalkaska 0 9363 Kent 6 182764 Keweenaw 0 5

Michigan

QTD

HFA Performance Data Reporting- Borrower Characteristics

Program Expenditures ($)

Cumulative

Geographic Breakdown (by county)

Unique Borrower Count

Michigan 4th Quarter Performance Report (October-December 2019) of 22

Michigan

QTD


Cumulative65 Lake 0 5366 Lapeer 1 22767 Leelanau 0 4168 Lenawee 0 35669 Livingston 2 41970 Luce 0 571 Mackinac 0 12672 Macomb 52 285973 Manistee 0 7774 Marquette 0 14375 Mason 0 9276 Mecosta 1 11377 Menominee 0 5478 Midland 1 30979 Missaukee 1 7580 Monroe 1 39081 Montcalm 4 31482 Montmorency 1 3183 Muskegon 16 73484 Newaygo 1 22885 Oakland 29 353186 Oceana 0 8887 Ogemaw 0 8888 Ontongan 0 1889 Osceloa 2 6590 Oscoda 0 2891 Otsego 0 11692 Ottawa 8 52593 Presque Isle 1 5494 Roscommon 2 12195 Saginaw 14 116296 Sanilac 1 16797 Schoolcraft 0 4398 Shiawassee 3 26299 St. Clair 4 506

100 St. Joseph 1 158101 Tuscola 0 285102 Van Buren 3 233103 Washtenaw 13 871104 Wayne 151 12553105 Wexford 0 144


Michigan

QTD


Cumulative106107108109 American Indian or Alaskan Native 0 369110 Asian 2 178111 Black or African American 115 14363112 Native Hawaiian or other Pacific Islander 1 47113 White 311 23501114 Information Not Provided by Borrower 23 1863115116 Hispanic or Latino 12 1306117 Not Hispanic or Latino 174 37033118 Information Not Provided by Borrower 266 1982119120 Male 224 17424121 Female 228 22867122 Information Not Provided by Borrower 0 30123124125 American Indian or Alaskan Native 2 165126 Asian 1 108127 Black or African American 22 4191128 Native Hawaiian or other Pacific Islander 0 26129 White 114 11920130 Information Not Provided by Borrower 14 2564131132 Hispanic or Latino 3 660133 Not Hispanic or Latino 80 17338134 Information Not Provided by Borrower 70 976135136 Male 55 6755137 Female 96 10781138 Information Not Provided by Borrower 2 1438

Ethnicity

Home Mortgage Disclosure Act (HMDA)Borrower

Race

Line # 117 & 118: The Ethnicity was corrected on 1 cumulative approval.

Sex

Sex

Race

Ethnicity

Lines # 3, 4: Applications marked as denied or withdrawn in previous quarters may be reconsidered due to a change in borrower circumstances, therefore the unique borrower counts may not sum in a quarter-over-quarter fashion. The overall result of this reconsideration was a 112 increase in declined borrowers and 56 fewer withdrawn borrowers than the quarter-to-quarter sum.

Lines # 8, 9: Blight Elimination Program (BEP) activity is included in both Total Assistance Provided to Date and Total Spent on Administrative Support, Outreach, and Counseling. See the BEP tab for detailed statistics.

Co-Borrower


123 Number of Borrowers Receiving Assistance 219 280604 % of Total Number of Applications N/A 42.20%56 Number of Borrowers Denied 429 233537 % of Total Number of Applications N/A 35.12%89 Number of Borrowers Withdrawn 244 14797

10 % of Total Number of Applications N/A 22.25%1112 Number of Borrowers In Process N/A 28613 % of Total Number of Applications N/A 0.43%1415 Total Number of Borrowers Applied N/A 66,496

16Number of Borrowers Participating in Other HFA HHF Programs or Program Components

0 0

171819 Median Assistance Amount 3340 52292021 Assistance Provided to Date $1,634,947 $207,757,137222324 Number 0 90425 % 0.00% 3.22%2627 Number 1 139928 % 0.46% 4.99%2930 Number 3 164531 % 1.37% 5.89%3233 Number 215 2411234 % 98.17% 85.90%3536 Above $90,000 6.85% 4.29%37 $70,000- $89,000 5.02% 6.40%38 $50,000- $69,000 19.18% 13.02%39 Below $50,000 68.95% 76.29%4041 Unemployment 42 606242 Underemployment 19 499143 Divorce 3 89144 Medical Condition 49 735745 Death 12 108846 Other 94 7671

Assistance Characteristics

Other Characteristics

In Process

Borrower Income ($)

Hardship

Delinquent (60+)

Delinquent (90+)

Current

Total

Program Characteristics

Delinquent (30+)

General Characteristics

MichiganHFA Performance Data Reporting- Program Performance

Loan Rescue Program

Approved

Withdrawn

Denied

QTD CumulativeProgram Intake/Evaluation



Loan Rescue Program

QTD Cumulative47

48Borrowers No Longer in the HHF Program (Program Completion/Transition or Alternative Outcomes)

206 28045

495051 Number 0 44952 % 0.00% 1.60%5354 Number 0 155 % 0.00% 0.00%5657 Number 0 1658 % 0.00% 0.06%5960 Number 0 6361 % 0.00% 0.22%626364 Number N/A N/A65 % N/A N/A6667 Number N/A N/A68 % N/A N/A6970 Number 206 2751571 % 100.00% 98.12%7273 Number 0 074 % 0.00% 0.00%

Lines # 6, 9: Applications marked as denied or withdrawn in previous quarters may be reconsidered for this program or other programs due to a change in borrower circumstances, therefore the unique borrower counts may not sum in a quarter-over-quarter fashion. The overall result of this reconsideration was 76 fewer declined borrowers than the quarter-to-quarter sum and 57 fewer withdrawn borrowers due to a correction in program type.

Foreclosure Sale

Deed in Lieu

Short Sale

Program Completion/ Transition

Reinstatement/Current/Payoff

Other - Borrower Still Owns Home

Loan Modification Program

Cancelled

Line # 48: The quarter-to-quarter variance is 22, as outlined in the Data Dictionary.

Lines # 41, 44: The Hardship was corrected on 1 cumulative approval

Re-employed/ Regain Appropriate Employment Level

Alternative Outcomes

Program Outcomes



10 % of Total Number of Applications N/A 10.41%1112 Number of Borrowers In Process N/A 013 % of Total Number of Applications N/A 0.00%1415 Total Number of Borrowers Applied N/A 12528


0 0

171819 Median 1st Lien Housing Payment Before Assistance 0 78920 Median 1st Lien Housing Payment After Assistance 0 41321 Median Length of Time Borrower Receives Assistance N/A 1222 Median Assistance Amount 0 17842324 Assistance Provided to Date $0 $82,028,291252627 Number 0 366228 % 0.00% 37.11%2930 Number 0 116431 % 0.00% 11.80%3233 Number 0 96734 % 0.00% 9.80%3536 Number 0 407537 % 0.00% 41.29%3839 Above $90,000 0.00% 2.42%40 $70,000- $89,000 0.00% 4.34%41 $50,000- $69,000 0.00% 10.50%42 Below $50,000 0.00% 82.74%4344 Unemployment 0 794745 Underemployment 0 151946 Divorce 0 3147 Medical Condition 0 16048 Death 0 2149 Other 0 190


Other CharacteristicsCurrent

Withdrawn

Denied

Total

Program Characteristics General Characteristics

In Process


Unemployment Mortgage Subsidy Program

Program Intake/EvaluationApproved

QTD Cumulative

Delinquent (30+)

Borrower Income ($)

Hardship

Delinquent (60+)

Delinquent (90+)



Unemployment Mortgage Subsidy Program

QTD Cumulative50


0 9868

525354 Number 0 38955 % 0.00% 3.94%5657 Number 0 59158 % 0.00% 5.99%5960 Number 0 961 % 0.00% 0.09%6263 Number 0 5764 % 0.00% 0.05%656667 Number N/A N/A68 % N/A N/A6970 Number 0 51971 % 0.00% 5.26%7273 Number 0 79774 % 0.00% 8.08%7576 Number 0 750677 % 0.00% 76.59%



Cancelled

Alternative OutcomesForeclosure Sale

Deed in Lieu

Program Outcomes

Short Sale




Line # 24: There is a quarter to quarter variance of $1,136.89 due to the receipt of borrower repayments credited in the 4th Quarter of 2019

Lines # 6, 9: Applications marked as denied or withdrawn in previous quarters may be reconsidered for this program or other programs due to a change in borrower circumstances therefore the unique borrower counts may not sum in a quarter-over-quarter fashion. The overall result of this reconsideration was 1 fewer declined borrowers and 1 fewer withdrawn borrowers than the quarter-to-quarter sum.





0 0

171819 Median 1st Lien Housing Payment Before Assistance 0 81820 Median 1st Lien Housing Payment After Assistance 0 62121 Median 2nd Lien Housing Payment Before Assistance 0 26022 Median 2nd Lien Housing Payment After Assistance N/A N/A23 Median 1st Lien UPB Before Program Entry 0 9226824 Median 1st Lien UPB After Program Entry 0 7199025 Median 2nd Lien UPB Before Program Entry 0 3101526 Median 2nd Lien UPB After Program Entry N/A N/A27 Median Principal Forgiveness 0 2597128 Median Assistance Amount 0 296872930 Assistance Provided to Date $0 $8,837,289313233 Number 0 13534 % 0.00% 37.09%3536 Number 0 3237 % 0.00% 8.79%3839 Number 0 2840 % 0.00% 7.69%4142 Number 0 16943 % 0.00% 46.43%4445 <100% 0.00% 15.42%46 100%-119% 0.00% 13.22%47 120%-139% 0.00% 20.26%48 140%-159% 0.00% 14.10%49 >=160% 0.00% 37.00%

Current Combined Loan to Value Ratio (CLTV)


Total

Program Characteristics General Characteristics

Delinquent (60+)

MichiganHHF Performance Data Reporting- Program Performance

Modification Plan Program


Approved

Denied

Withdrawn

In Process


Delinquent (30+)

Delinquent (90+)



Modification Plan Program

QTD Cumulative5051 Above $90,000 0.00% 7.42%52 $70,000- $89,000 0.00% 6.04%53 $50,000- $69,000 0.00% 15.38%54 Below $50,000 0.00% 71.15%5556 Unemployment 0 4357 Underemployment 0 3958 Divorce 0 1759 Medical Condition 0 7360 Death 0 1761 Other 0 17562


0 364

646566 Number 0 267 % 0.00% 0.55%6869 Number 0 070 % 0.00% 0.00%7172 Number 0 073 % 0.00% 0.00%7475 Number 0 276 % 0.00% 0.55%777879 Number 0 36080 % 0.00% 98.90%8182 Number N/A N/A83 % N/A N/A8485 Number N/A N/A86 % N/A N/A

Program Outcomes

Lines # 6, 9: Applications marked as denied or withdrawn in previous quarters may be reconsidered for this program or other programs due to a change in borrower circumstances therefore the unique borrower counts may not sum in a quarter-over-quarter fashion. The overall result of this reconsideration was 2 fewer declined borrowers and 1 fewer withdrawn borrowers than the quarter-to-quarter sum.

Cancelled

Deed in Lieu


Borrower Income ($)

Hardship


Short Sale



Alternative OutcomesForeclosure Sale





0 0

171819 Median 1st Lien Housing Payment Before Assistance 0 87620 Median 1st Lien Housing Payment After Assistance 0 61721 Median 2nd Lien Housing Payment Before Assistance 0 18022 Median 2nd Lien Housing Payment After Assistance 0 4023 Median 1st Lien UPB Before Program Entry 0 10462724 Median 1st Lien UPB After Program Entry 0 8264825 Median 2nd Lien UPB Before Program Entry 0 2147426 Median 2nd Lien UPB After Program Entry 0 396127 Median Principal Forgiveness 0 1000028 Median Assistance Amount 0 100002930 Assistance Provided to Date $0 $2,782,491313233 Number 0 11434 % 0.00% 37.38%3536 Number 0 3637 % 0.00% 11.80%3839 Number 0 3040 % 0.00% 9.84%4142 Number 0 12543 % 0.00% 40.98%4445 <100% 0.00% 0.98%46 100%-119% 0.00% 13.11%47 120%-139% 0.00% 19.67%48 140%-159% 0.00% 17.05%49 >=160% 0.00% 49.18%




Delinquent (30+)

Delinquent (60+)

Delinquent (90+)




Princial Curtailment Program


Approved

Denied

Withdrawn

In Process

Total



Princial Curtailment Program

QTD Cumulative5051 Above $90,000 0.00% 2.95%52 $70,000- $89,000 0.00% 5.25%53 $50,000- $69,000 0.00% 13.11%54 Below $50,000 0.00% 78.69%5556 Unemployment 0 6657 Underemployment 0 8858 Divorce 0 1359 Medical Condition 0 4860 Death 0 661 Other 0 8462


0 305

646566 Number 0 1167 % 0.00% 3.61%6869 Number 0 070 % 0.00% 0.00%7172 Number 0 073 % 0.00% 0.00%7475 Number 0 176 % 0.00% 0.33%777879 Number 0 7080 % 0.00% 22.95%8182 Number N/A N/A83 % N/A N/A8485 Number 0 22386 % 0.00% 73.11%



Lines # 6, 9: Applications marked as denied or withdrawn in previous quarters may be reconsidered for this program or other programs due to a change in borrower circumstances therefore the unique borrower counts may not sum in a quarter-over-quarter fashion. The overall result of this reconsideration was 1 fewer declined borrower and 1 additional withdrawn borrower than the quarter-to-quarter sum.

Foreclosure Sale

Cancelled

Deed in Lieu

Short Sale

Program Completion/ TransitionLoan Modification Program


Borrower Income ($)

Hardship

Program Outcomes


123 Number of Structures Demolished/Removed 1266 206874 % of Total Number of Submissions N/A 82.77%56 Number of Structures Denied/Cancelled 0 07 % of Total Number of Submissions N/A 0.00%89 Number of Structures Withdrawn 252 1852

10 % of Total Number of Submissions N/A 7.41%1112 Number of Structures In Process N/A 245413 % of Total Number of Submissions N/A 9.82%1415 Total Number of Structures Submitted for Eligibility Review N/A 249931617 Assistance Characteristics18 Total Assistance Provided $24,950,037 $333,189,20719 Median Assistance Spent on Acquisition $0 $020 Median Assistance Spent on Demolition $14,014 $11,49421 Median Assistance Spent on Greening $5,095 $3,41322 Total Assistance Reserved N/A $36,510,000232425 Adrian 0 2226 Albion 11 4927 Athens 1 128 Battle Creek 41 20429 Burton 0 1330 Detroit 807 1348631 Ecorse 0 16532 Flint 391 376133 Flint Township 0 434 Galesburg 0 635 Grand Rapids 0 12136 Hamtramck 0 2337 Highland Park 0 23938 Homer 0 139 Inkster 0 12140 Ironwood 7 5241 Ishpeming 3 2442 Jackson 0 24843 Kalamazoo 0 6044 Lansing 0 38445 Marshall 0 246 Melvindale 0 647 Mt. Morris 0 4248 Muskegon 0 2849 Muskegon Heights 0 26450 Pontiac 0 23051 Port Huron 0 4652 River Rouge 0 102

Funded Number of Structures


Blight Elimination Program

QTD CumulativeProgram Evaluation

Geographic Breakdown (by city/county)

Funded

Denied/Cancelled

In Process

Total


Withdrawn


53 Saginaw 2 97754 Springfield 2 255 Tekonsha 1 156 Twin Lake 0 157 Vicksburg 0 2

Lines #27, 54, 55: Additional 3 city's added to report include Athens, Springfield, & Tekonsha all located in Calhoun county


123 Number of Borrowers Receiving Assistance 233 17244 % of Total Number of Submissions N/A 77.21%56 Number of Borrowers Denied 7 287 % of Total Number of Submissions N/A 1.25%89 Number of Borrowers Withdrawn 52 343

10 % of Total Number of Submissions N/A 15.36%1112 Number of Borrowers In Process N/A 13813 % of Total Number of Submissions N/A 6.18%1415 Total Number of Borrowers Submitted for Assistance N/A 2233

16Number of Borrowers that Previously Participated in Other HFA HHF Programs

0 0

171819 Median Purchase Price 100000 9990020 Median Credit Score 689 69221 Median DTI 36% 36%2223 Assistance Provided to Date $3,436,760 $25,599,188242526 Above $90,000 0.43% 0.40%27 $70,000- $89,000 5.15% 4.18%28 $50,000- $69,000 18.88% 23.49%29 Below $50,000 75.54% 71.93%30


Step Forward Down Payment Assistance


Funded

Denied

Withdrawn

In Process

Total

Home Mortgage Disclosure Act (HMDA)

Program Characteristics Loan Characteristics at Origination


Borrower CharacteristicsBorrower Income ($)

Michigan 4th Quarter Performance Report (October-December 2019)



QTD Cumulative313233 American Indian or Alaskan Native 0 034 Asian 1 535 Black or African American 54 37336 Native Hawaiian or other Pacific Islander 0 137 White 166 123238 Information not provided by borrower 12 1133940 Hispanic or Latino 4 3941 Not Hispanic or Latino 2 1442 Information not provided by borrower 227 16714344 Male 118 87845 Female 115 81646 Information not provided by borrower 0 30474849 American Indian or Alaskan Native 0 050 Asian 1 251 Black or African American 7 4852 Native Hawaiian or other Pacific Islander 0 053 White 41 25854 Information not provided by borrower 4 335556 Hispanic or Latino 0 957 Not Hispanic or Latino 1 558 Information not provided by borrower 52 3275960 Male 15 10161 Female 37 23062 Information not provided by borrower 1 106364 48015 1 1665 48021 7 6066 48030 2 4567 48033 2 1868 48048 1 1069 48066 14 10870 48075 1 1671 48089 7 4272 48091 2 2873 48111 3 3274 48122 1 775 48125 6 3376 48135 9 6077 48141 0 778 48146 12 8779 48160 1 680 48174 6 2481 48180 21 13582 48184 2 3383 48192 8 4684 48195 10 48

Ethnicity

Sex

Geographic Breakdown (by Targeted Area)

Race

Ethnicity

Sex

RaceCo-Borrower

Borrower




QTD Cumulative85 48198 7 4686 48205 1 287 48214 0 088 48215 0 189 48219 6 2490 48221 6 3591 48223 0 1692 48224 2 1893 48225 2 2394 48227 0 195 48228 1 196 48235 5 2497 48239 10 7098 48240 6 4499 48340 1 13

100 48341 1 7101 48342 2 5102 48457 0 3103 48458 1 10104 48503 0 8105 48504 0 3106 48506 1 18107 48507 1 20108 48509 1 3109 48519 1 3110 48529 2 6111 48532 0 5112 48602 5 19113 48604 2 11114 48706 6 35115 48708 4 41116 48906 5 23117 48910 14 93118 48911 2 55119 48912 1 16120 48915 1 17121 49202 5 38122 49203 7 61123 49254 0 2124 49442 8 43


Number of Unique Borrowers Receiving Assistance Total number of unique borrowers having received some form of assistance under any one of the HFA's programs. The total number of borrowers represented in the Geographic Breakdown and HMDA fields should foot to this number.

Number of Unique Borrowers Denied Assistance Total number of unique borrowers not receiving assistance under any of the programs and not withdrawn.

Number of Unique Borrowers Withdrawn from Program Total number of unique borrowers who do not receive assistance under any program because of voluntary withdrawal after approval or failure to complete application despite attempts by the HFA.

Number of Unique Borrowers in Process Total number of unique borrowers who have not been decisioned for any program and are pending review. This should be reported in the Cumulative column only.

Total Number of Unique Applicants Total number of unique borrowers. This should be the total of the four above fields and reported in the Cumulative column only.

Total Assistance Provided to Date Total amount of assistance disbursed by the HFA across all programs. Total Spent on Administrative Support, Outreach, and Counseling Total amount spent on administrative expenses to support the program(s).

All Categories Number of aggregate borrowers assisted in each county listed.

All Categories All totals for the aggregate number of borrowers assisted.






Number of Borrowers Receiving Assistance The total number of borrowers receiving assistance for the specific program.% of Total Number of Applications Total number of borrowers receiving assistance for the specific program divided by the total

number of borrowers who applied for the specific program.

Number of Borrowers Denied The total number of borrowers denied for assistance for the specific program. A denial is defined as a borrower who has provided the necessary information for consideration for program assistance, but is not approved for assistance under the specific program.

% of Total Number of Applications Total number of borrowers denied for assistance for the specific program divided by the total number of borrowers who applied for the specific program.

Number of Borrowers Withdrawn The total number of borrowers withdrawn from the specific program. A withdrawal is defined as a borrower who does not receive assistance under a program because of voluntary withdrawal after approval or failure to complete application despite attempts by the HFA.

% of Total Number of Applications Total number of borrowers withdrawn for the specific program divided by the total number of borrowers who applied for the specific program.

Number of Borrowers In Process The total number of borrowers who have applied for assistance from the specific program that have not been decisioned and are pending review. This should be reported in the Cumulative column only.

% of Total Number of Applications Total number of borrowers who have applied for assistance from the specific program that have not been decisioned and are pending review divided by the total number of borrowers who applied for the specific program.

Total Number of Borrowers Applied Total number of borrowers who applied for the specific program (approved, denied, withdrawn and Number of Borrowers Participating in Other HFA HHF Programs or Program Components

Number of borrowers participating in other HFA sponsored HHF programs or other HHF program components (i.e. , funded borrowers only).

Median Assistance Amount Median amount of assistance ($) disbursed to the lender/servicer on behalf of the borrower. This field may be calculated differently for unemployment assistance programs.

Assistance Provided Total amount of aggregate assistance disbursed by the HFA (does not include lender matching

Number Number of borrowers current at the time of application. % Number of current borrowers divided by the total number of approved applicants.

Number Number of borrowers 30+ days delinquent but less than 60 days delinquent at the time of application.

% Number of borrowers 30+ days delinquent but less than 60 days delinquent divided by the total number of approved applicants.

Data DictionaryHFA Performance Data Reporting - Borrower Characteristics

The Following Data Points Are To Be Reported In Aggregate For All Programs:Unique Borrower Count

Program Expenditures

Geographic Breakdown (by County)

Ethnicity

Co-BorrowerRace

Ethnicity

HFA Performance Data Reporting - Program PerformanceThe Following Data Points Are To Be Reported In Aggregate For All Non-Blight/DPA Programs:

Sex

Sex


Race

Total

Approved

Denied

Program Intake/Evaluation

Withdrawn

In Process

Program Characteristics (For All Approved Applicants)


Delinquent (60+)

Other Characteristics


Current

Delinquent (30+)

Michigan 4th Quarter Performance Report (Jan-Mar 2018) of 22

Number Number of borrowers 60+ days delinquent but less than 90 days delinquent at the time of application.

% Number of borrowers 60+ days delinquent but less than 90 days delinquent divided by the total number of approved applicants.

Number Number of borrowers 90+ days delinquent at the time of application.% Number of borrowers 90+ days delinquent divided by the total number of approved applicants.

Above $90,000Percentage of borrowers assisted with gross annual income $90,000 or greater, rounded to the nearest hundredth.

$70,000- $89,000Percentage of borrowers assisted with gross annual income $70,000-89,000, rounded to the nearest hundredth.


Below $50,000Percentage of borrowers assisted with gross annual income less than $50,000, rounded to the nearest hundredth.

Unemployment Number of borrowers assisted with unemployment hardship.Underemployment Number of borrowers assisted with underemployment hardship.Divorce Number of borrowers assisted with divorce hardship.

Medical ConditionNumber of borrowers assisted with medical condition hardship.

DeathNumber of borrowers assisted with death hardship.

Other Number of borrowers assisted with other hardship.

Borrowers No Longer in the HHF Program (Program Completion/Transition or Alternative Outcome)

Number of borrowers no longer receiving assistance under this program.

Number Number of borrowers transitioned out of the HHF program into a foreclosure sale. % Number of foreclosed borrowers divided by the total number of borrowers no longer receiving

Number Number of borrowers who were approved and funded , then were disqualified or voluntarily withdrew from the program without re-employment or other intended transition.

% Number of cancelled borrowers divided by the total number of borrowers no longer receiving assistance under this program.

Median 1st Lien Housing Payment Before Assistance Median contractual borrower payment on their first lien before receiving assistance.Median 1st Lien Housing Payment After Assistance Median contractual first lien payment, less HFA contribution.Median Length of Time Borrower Receives Assistance Median length of time borrowers have actually received assistance since disbursement for

mortgage payment assistance programs. Please report in months (round up to closest integer). This only need be reported in the cumulative column.

Number Number of borrowers transitioned out of the HHF program into a deed-in-lieu as an unintended outcome of the program.

% Number of borrowers in this category divided by the total number of borrowers no longer receiving assistance under this program.

Number Number of borrowers transitioned out of the HHF program into a short sale as an unintended outcome of the program.


Number Number of borrowers who transitioned into a loan modification or principal reduction program.% Number of borrowers in this category divided by the total number of borrowers no longer receiving

assistance under this program.

Number Number of borrowers who transitioned out of the program due to regaining employment and/or appropriate levels of employment.


Number Number of borrowers who transitioned out of the program due to reinstating/bringing loan current.% Number of borrowers in this category divided by the total number of borrowers no longer receiving


Number Number of borrowers who transitioned out of the program not falling into one of the transition categories above.




HFA Performance Data Reporting - Program Performance

Deed-in-Lieu

Short Sale

The Following Data Points Are To Be Reported In Aggregate For All Reinstatement Assistance Programs:Alternative Outcomes



Other

Foreclosure Sale

Delinquent (90+)


Borrower Income

Program Outcomes



Cancelled


Deed-in-Lieu

Short Sale


The Following Data Points Are To Be Reported In Aggregate For All Unemployment Assistance Programs:


Hardship


Number Number of borrowers transitioned out of the HHF program into a short sale as an unintended outcome of the program.


Number Number of borrowers who transitioned into a loan modification program (such as the Making Home Affordable Program).


Number Number of borrowers who transitioned out of the program due to regaining employment and/or appropriate levels of employment.


Number Number of borrowers who transitioned out of the program due to reinstating/bringing loan current.% Number of borrowers in this category divided by the total number of borrowers no longer receiving



Median 1st Lien Housing Payment Before Assistance Median contractual borrower payment on their first lien before receiving assistance.Median 1st Lien Housing Payment After Assistance Median contractual first lien payment after modification (including recast or refinance), or principal

curtailment.Median 2nd Lien Housing Payment Before Assistance Median contractual borrower payment on their second lien before receiving assistance.Median 2nd Lien Housing Payment After Assistance Median contractual second lien payment after assistance from the program, if applicable.Median 1st Lien UPB Before Program Entry Median unpaid principal balance prior to receiving assistance. Median 1st Lien UPB After Program Entry Median unpaid principal balance after receiving assistance. Median 2nd Lien UPB Before Program Entry Median second lien unpaid principal balance prior to receiving assistance, if applicable. Median 2nd Lien UPB After Program Entry Median second lien unpaid principal balance after receiving assistance, if applicable. Median Principal Forgiveness Median amount of principal reduction provided by the lender/servicer, including second lien

extinguishment. Extinguished fees should only be included if those fees have been capitalized.

<100%

Percentage of borrowers assisted with combined loan-to-value ratio less than 100%, calculated using the unpaid principal balance for all first and junior liens (if applicable) at the time of application divided by the most current market valuation at the time of assistance.

100%-109%

Percentage of borrowers assisted with combined loan-to-value ratio 100-109%, calculated using the unpaid principal balance for all first and junior lien (if applicable) at the time of application divided by the most current market valuation at the time of assistance.

110%-120% Percentage of borrowers assisted with combined loan-to-value ratio 110-120%, calculated using

>120%

Percentage of borrowers assisted with combined loan-to-value ratio greater than 120%, calculated using the unpaid principal balance for all first and junior liens (if applicable) at the time of application divided by the most current market valuation at the time of assistance.



Number Number of borrowers transitioned out of the HHF program into a short sale as an unintended % Number of borrowers in this category divided by the total number of borrowers no longer receiving


Number Number of borrowers who received a recast/reamortization of the prinicipal balance or a modification of their mortgage loan.


Number Number of borrowers who transitioned out of the program due paying off their mortgage loan.% Number of borrowers in this category divided by the total number of borrowers no longer receiving


Number Number of borrowers who received a refinance or principal curtailment of their mortgage loan.% Number of borrowers in this category divided by the total number of borrowers no longer receiving


Median 1st Lien Housing Payment Before Assistance Median contractual borrower payment on their first lien before receiving assistance.Median 1st Lien Housing Payment After Assistance Median contractual first lien payment after modification (including recast or refinance), or principal

curtailment.

Median 2nd Lien Housing Payment Before AssistanceMedian contractual borrower payment on their second lien before receiving assistance.

Median 2nd Lien Housing Payment After Assistance Median contractual second lien payment after assistance from the program, if applicable.Median 1st Lien UPB Before Program Entry Median unpaid principal balance prior to receiving assistance. Median 1st Lien UPB After Program Entry Median unpaid principal balance after receiving assistance.

The Following Data Points Are To Be Reported In Aggregate For All UPB/Lien Extinguishment Programs:Program Characteristics (For All Approved Applicants)



Other




Short Sale




Deed-in-Lieu



Other

HFA Performance Data Reporting - Program PerformanceThe Following Data Points Are To Be Reported In Aggregate For All Principal Reduction Programs:




Median 2nd Lien UPB Before Program Entry Median second lien unpaid principal balance prior to receiving assistance, if applicable. Median 2nd Lien UPB After Program Entry Median second lien unpaid principal balance after receiving assistance, if applicable. Median Principal Forgiveness Median amount of principal reduced, including the amount ($) disbursed by the HFA on behalf of

the borrower and the amount ($) disbursed by the lender/servicer, including second lien

<100%Percentage of borrowers assisted with combined loan-to-value ratio less than 100%, calculated using the unpaid principal balance for all first and junior liens (if applicable) at the time of application

100%-109% Percentage of borrowers assisted with combined loan-to-value ratio 100-109%, calculated using

110%-120%

Percentage of borrowers assisted with combined loan-to-value ratio 110-120%, calculated using the unpaid principal balance for all first and junior liens (if applicable) at the time of application divided by the most current market valuation at the time of assistance.

>120% Percentage of borrowers assisted with combined loan-to-value ratio greater than 120%, calculated



Number Number of borrowers transitioned out of the HHF program into a short sale as an unintended outcome of the program


Number Number of borrowers who received a modification of their mortgage loan.


Number Number of borrowers who transitioned out of the program due to paying off their mortgage loan.




Number Number of borrowers who transitioned out of the program into a short sale as the intended outcome of the program.


Number Number of borrowers who transitioned out of the program into a deed-in-lieu as the intended outcome of the program.


Number of Structures Receiving Assistance The total number of structures approved and funded. % of Total Number of Structures Total number of structures receiving funding divided by the total number of structures submitted for

eligibility review.

Number of Structures Denied The total number of structures denied for funding. The full application and all necessary information was received and reviewed, but the structure was not approved for funding.

% of Total Number of Submissions Total number of structures denied for funding divided by the total number of structures submitted for eligibility review.

Number of Structures Withdrawn The total number of structures withdrawn by the program partner.% of Total Number of Submissions Total number of structures withdrawn divided by the total number of structures that have been

submitted for eligibility review.

Number of Structures In Process The total number of structures submitted that are pending review, or are in review but have not been decisioned. This should be reported in the Cumulative column only.

% of Total Number of Submissions Total number of structures submitted that are pending review, or are in review but have not been decisioned divided by the total number of structures that have been submitted for eligibility review.

Total Number of Structures Submitted for Eligibility Review Total number of structures that have been submitted for eligibility review (approved, denied, withdrawn and in process). This should be reported in the Cumulative column only.

Total Assistance Provided Total amount of aggregate assistance disbursed by the HFA.Median Assistance Spent on Acquisition Median amount of aggregate assistance spent by the HFA to acquire the blighted property.Median Assistance Spent on Demolition Median amount of aggregate assistance spent by the HFA to demolish the blighted property.Median Assistance Spent on Greening Median amount of aggregate assistance spent by the HFA to green the blighted property.Total Assistance Reserved Total amount of assistance reserved to be spent by the HFA for In-Process structures. Reserved

assistance may vary quarter over quarter as existing applications are decisioned and new applications are submitted for review. This should be reported in the Cumulative column only.

Short Sale




Deed-in-Lieu

Program Intake/EvaluationApproved/Funded

Denied/Cancelled

The Following Data Points May Be Reported In Aggregate For Blight Elimination Programs

Withdrawn

In Process

Total


Geographic Breakdown (by City/County)


Short Sale

Other

Deed-in-Lieu




The Following Data Points Are To Be Reported In Aggregate For All Transition Assistance Programs:


Approved/Funded Number of Structures Aggregate number of structures funded in each city or county listed.

Number of Borrowers Receiving Assistance The total number of borrowers receiving assistance.% of Total Number of Submissions Total number of borrowers receiving assistance divided by the total number of borrowers submitted

for assistance.

Number of Borrowers Denied The total number of borrowers referred by the lender for assistance in which the transaction was denied by the HFA

% of Total Number of Submissions Total number of borrowers denied divided by the total number of borrowers submitted for assistance.

Number of Borrowers Withdrawn The total number of borrowers referred by the lender for assistance in which the mortgage transaction or sale could not be completed.

% of Total Number of Submissions Total number of borrowers withdrawn divided by the total number of borrowers submitted for assistance.

Number of Borrowers In Process The number of borrowers who have applied and are eligible for down payment assistance, pending the scheduling or execution of the mortgage closing. This should be reported in the Cumulative column only.

% of Total Number of Submissions Total number of borrowers in process divided by the total number of borrowers submitted for assistance.

Total Number of Borrowers Submitted for Assistance The total number of borrowers submitted by the lender to the HFA for assistance (approved, withdrawn and in process). This should be reported in the Cumulative column only.

Number of Borrowers that Previously Participated in Other HFA HHF Programs

Number of borrowers who previously participated in other HFA sponsored HHF programs or other HHF program components (i.e. , funded borrowers only).

Median Purchase Price The median home purchase price for all borrower-assisted properties at the time of origination.

Median Credit Score The median credit score of all borrowers at the time of origination.Median DTI The median front-end debt-to-income ratio at the time of origination (as defined by program).

Assistance Provided Total amount of aggregate assistance exclusively disbursed by the HFA.

Above $90,000Percentage of borrowers assisted with gross annual income $90,000 or greater, rounded to the nearest hundredth.



Below $50,000Percentage of borrowers assisted with gross annual income less than $50,000, rounded to the nearest hundredth.







All Categories Number of aggregate borrowers assisted in each county listed.

Unemployment Mortgage Subsidy (UMS) Program Program provides monthly mortgage payment assistance on behalf of homeowners who are unable to afford their monthly payment and/or need one-time mortgage, property tax, or condo fee reinstatement due to a qualified financial hardship.

Loan Rescue (LR) Program Program provides assistance to reinstate a delinquent mortgage, property tax, or condo fees on behalf of a homeowner who became delinquent due to a qualified financial hardship.

Modification Plan (MP) Program Program provides principal reduction assistance in conjunction with a loan modification or reamortization (recast); assistance may be applied as curtailment when the homeowner is in a severe negative equity position.

Blight Elimination Program (BEP) Program provides funds to prevent foreclosures through demolition, greening, and ongoing maintenance of vacant and abandoned blighted residential properties.

Principal Curtailment (PC) Program Program provides funds to match the lender's required contribution towards principal when the homeowner is in a severe negative equity position. Program closed December 2014.

Geographic Breakdown (by County)


Funded

Denied

Withdrawn

In Process

RaceCo-Borrower

Ethnicity

Sex

Race

Ethnicity

Sex

Program CharacteristicsLoan Characteristics at Origination



Borrower Income

Total

The Following Data Points May Be Reported In Aggregate For Down Payment Assistance ProgramsProgram Intake/Evaluation

HFA Performance Data Reporting - Program Notes


template version date: october 2017 - michigan · a data dictionary has been provided to assist in...

Documents