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Home Affordable Modification Program (HAMP)

Click on the links below, for information on HAMP. Additional information from Fannie, Freddie, HUD, VA, and individual states is also provided below.

U.S. Department of Treasury Info --Supplemental Directive 10-01: HAMP - Program Update and Resolution of Active Trial Modifications(1/28/10); Supplemental Directive 09-10: HAMP - Temporary Review Period for Active Trial Modifications Scheduled to Expire on or before January 31, 2010 (12/23/09); Supplemental Directive 09-07 (10/8/09); HAMP Documentation Requirements Clarified; Temporary Waiver Issues (9/29/09); HAMP - FAQs (as of 8/19/09)

www.makinghomesaffordable.gov - Consumer website

www.financialstability.gov - Official website for TARP activity. The search icon will pull up a list of all TARP contracts, including
servicer participation agreements for MHA.

www.hmpadmin.com - Website managed by Fannie Mae, as Department of Treasury's financial agent, that has copies of all program guidelines, forms, and
frequently asked questions. Non-compliance issues can be reported to support@hmpadmin.com.

FANNIE MAE INFORMATION

Servicing Policy Updates: "New Modification Program Resources Available," including Announcement 09-05R (4/21/2009, reposted 05/15/2009). Announcement 09-25 (7/13/2009), "Trial Period Guidance for the HAMP," updates policies outlined in Announcement 09-05R. Also see the FAQs re Servicing Guide Announcement 09-05R: HAMP, released on 7/06/2009.

Announcement 09-31 (11/2/09) -- Updates and Clarification to HAMP

Announcement 09-35 (11/24/09) -- Updates to HAMP: MBS Mortgage Loans

Announcement 09-36 (12/14/09) -- Updates to HAMP: Borrower notices & requirements for tax returns, income documentation, title endorsement and recordation

Announcement 09-38 (12/24/09) -- Misc. Servicing Policy Changes (including reference to the Treasury Dept.'s Supplemental Directive 09-10 re HAMP)

Announcement SCV-2010-02 (2/1/10) -- Update to Imminent Default Guidance for Mortgage Loans Evaluated for HAMP

Announcement SCV-2010-03 (2/4/10) -- HAMP: Program Update & Resolution of Active Trial Modifications

FREDDIE MAC INFORMATION

HAMP Information Webpage: http://www.freddiemac.com/singlefamily/service/mha_modification.html

Learning Center: http://www.freddiemac.com/learn/service/mha.html (additional educational resources on HAMP)

Freddie Mac has launched its REO Rental Initiative (announced 03/05/2009). Further, Freddie Mac has stopped FORECLOSURE SALES on loans eligible for the Home Affordable Modification Program. See below for Freddie Mac bulletins, and selected advisory e-mails, containing Freddie Mac's requirements for the Home Affordable Modification Program.

Bulletin 2009-8 (4/07/2009)
Bulletin 2009-10 (4/21/2009)
Bulletin 2009-13 (5/26/2009)
Bulletin 2009-19 (7/13/2009)
Bulletin 2009-23 (9/18/2009)
Single-Family Advisory E-Mail (10/14/09)
Single-Family Advisory E-Mail (11/2/09)
Bulletin 2009-26 (11/2/09)
Bulletin 2009-28 (12/14/09)
Bulletin 2010-1 (1/26/10)
Bulletin 2010-3 (2/4/10)

Also, see below for information regarding Relief Refinance Mortgage^SM:

Bulletin 2009-5 (3/04/2009)
Bulletin 2009-9 (4/16/2009)
Bulletin 2009-12 (5/12/2009)
Bulletin 2009-15 (6/26/2009)
Bulletin 2009-20 (7/24/2009)
Bulletin 2010-4 (2/11/2010)

HUD INFORMATION

Mortgagee Letter 2010-04 (1/22/10) -- Loss Mitigation for Imminent Default

Mortgagee Letter 2009-45 (10/27/09) -- Introduction of HUD's Web-Based Training Application: Electronic Class (EClass) on Loss Mitigation and Servicing System (including FHA-HAMP)

Mortgagee Letter 2009-39 (10/9/09) -- Updated Claim Filing & Delinquency/Default Reporting Requirements for FHA-HAMP, including Appendix 1 - Delinquency/Default Status Codes; Appendix 2 - Delinquency/Default Reason Codes; Appendix 3 - Claim Filing Assistance for Loss Mitigation Claims

Mortgagee Letter 2009-23 (7/30/2009) -- Making Home Affordable Program: FHA's HAMP Loss Mitigation Option, Attachment to ML 2009-23 (Guidelines for FHA-HAMP)

Questions & Answers: Mortgagee Letter 2009-23/FHA-HAMP

VA INFORMATION

Circular 26-10-02 (1/8/10): VA Making Home Affordable Program

Circular 26-09-17 (10/01/09): Interim Process for Pre-Approval of Loan Modifications on Current Loans

STATE INFORMATION

The Supreme Court of South Carolina Administrative Order re Mortgage Foreclosures and the Home Affordable Modification Program (5/22/2009).