With this Single-Family Seller/Servicer Guide (“Guide”) Bulletin, we are providing reminders to Servicers with respect to certain Home Affordable Modification Program (“Program”) requirements and announcing the following changes to Program requirements:

• Revising the eligibility requirements to include a requirement that the Borrower must currently have a monthly housing expense-to-income ratio greater than 31% to be eligible for the Program
• Announcing the following:
  �� The name of Form 3156, Home Affordable Modification Program – Workout Plan (“Workout Plan”), has been changed to Home Affordable Modification Program – Trial Period Plan, 3/09 (rev. 3/09) (“Trial Period Plan”)
  �� Authorized changes that must be made to the Trial Period Plan, when applicable
• Revising the requirements for co-branding and the use of the Making Home Affordable logo
• Introducing the Borrower Qualification Worksheet, which may now be used by Servicers to determine the Trial Period payment for a Borrower who is 31 days or more delinquent
• Revising the fax number for Servicers to use when referring a Mortgage to Freddie Mac for evaluation when the Target Payment cannot be achieved

To view the online Bulletin in its entirety, 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