HAMP Update
April 27th, 2010
HAMP Reporting Tool Update: May 3 Release Notes
On Monday, May 3, 2010, Fannie Mae, as program administrator for the Home Affordable Modification Program (HAMP), plans to implement the following enhancements to the HAMP Reporting Tool:
·
Updates to accommodate Home Affordable Foreclosure Alternatives (HAFA) reporting;
· Updates for the Home Price Decline Protection (HPDP) incentive;
· Updates affecting the HAMP official monthly reporting process;
· Updates to existing and new servicer reports;
· New edit for trial and permanent/official loan modifications; and
· Updates to existing edits
The HAMP Data Dictionary and the HAMP Data Dictionary Appendix have been updated to reflect the edit changes in this release. A new version of HAFA Data Dictionary will also be available to support servicers participating in the Home Affordable Foreclosure Alternatives program as defined in Supplemental Directive 09-09 Revised: Home Affordable Foreclosure Alternatives -- Short Sale and Deed-in-Lieu of Foreclosure Update. Finally, the reporting calendar has been updated to reflect the reporting process change effective with this release.
Read the release notes for complete details.
Take advantage of these new and updated training opportunities:
• HAMP Compensation live Webinar, Thursday, April 29
• 2MP recorded tutorial for servicers of non-GSE loans
• HAFA recorded tutorial, providing an overview of the short sale and deed-in-lieu alternatives for servicers of non-GSE loans
Visit the Learning Center on HMPadmin.com.
Questions? Contact the HAMP Solution Center at support@hmpadmin.com or 1-866-939-4469.
To view the online HAMP Update, please click here
About Safeguard
Safeguard Properties is the largest privately held field services company in the country. Located in Cleveland, Ohio and founded in 1990 by Robert Klein, Safeguard has grown from a regional preservation company with a few employees and a handful of contractors performing services in the Midwest, to a national company with over 700 employees. Safeguard is supported by a nationwide network of subcontractors able to perform any requested superintendence, preservation, and maintenance functions, as well as numerous ancillary services in the U.S., the Virgin Islands, and Puerto Rico.