Version 7 of the Home Affordable Modification program (HAMP) Borrower Qualification Worksheet (BQW) is available for your immediate download. Enhancements to Worksheet Version 7 include the following:

• Changing the 'First Payment Due On' field so you can manually enter the Trial Period Effective Date to comply with Single-Family Seller/Servicer Guide (Guide) Bulletin 2009-19.
  
• Introducing the Worksheet's capability to account for an interim month following the Trial Period (preceding the modification effective date) so the results are more consistent with the Net Present Value test. The optional interim month, introduced July 8, 2009, by the Department of the Treasury, allows Servicers an additional month to prepare and submit modification documents for HAMP.
  
• Updating our BQW Terms of Use. Please remember using the BQW is subject to the conditions outlined in the BQW Terms of Use. You will need a Mortgage Servicing Products ID to access the BQW Terms of Use. The Terms of Use can also be found in the BQW and the User Guide.
  
• Enhancing the BQW display so that it allows data to be more visible and easier to read, print, and fax.

For More Information About the Borrower Qualification Worksheet

• Review the Borrower Qualification Worksheet User Guide. You will need a Mortgage Servicing Products ID to access this document. The User Guide is also available for you to reference on the BQW.
  
• Review Guide Chapter C65.
  
• Visit our Learning Center for additional educational resources on the Home Affordable Modification program.
  
• Visit our Home Affordable Modification program Web page.