In order to apply for a HAMP loan modification, you will need to complete a Request for Modification Assistance (RMA) form with supporting. Under HAMP, the Treasury (pictured above) provides capped for modification and affidavit (RMA) form; the Internal Revenue Service (IRS). On March 30, HAMP released Updated RMA Form Now Available. The Request for Mortgage Assistance (RMA) Form has been updated to reflect the policy.

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Although maddening I always complied and faxed whatever they requested within 24 hours. You are not required to furnish this information, but are encouraged to do so. Send emails to your rmaa senators as well.

is 90 day document expiration real in a HAMP RMA process?

YES, they are dragging their feet abiding time, trying to push folks into foreclosure. For a better experience, please enable JavaScript in your browser before proceeding. Hap information that I posted is only applicable prior to receiving the Trial Payment Plan. Since I will be resubmitting within the next couple weeks, and my balances will be clearly visible within my 3 months of bank statements. It appears that the banks in that settlement are dumping their loans to companies like SPS.

is 90 day document expiration real in a HAMP RMA process? | LoanSafe’s Mortgage & Real Estate Forum

This will abide you some time. I understand that the Servicer, the U.

The agreement with the lenders obviously incentivizes them to work with homeowners since they would be credited toward this obligation to the government. Hi finalchapter, I would most definitely resubmit a new package. Found out today that it was sent out yesterday instead of Thursday, so it should be here when I get home from work on Monday.

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In the meantime, I received the denial letter which demanded payment of arrears and threatened foreclosure. What was the reason for denial? HAFA is not guaranteed as not all lenders will be participating. It has been 5 months, but not really. One of the most important examples that we can draw from is in our experience with Bank of America BAC Home Loan Servicing, LP where they were requesting that the possibility of a deficiency on the first mortgage be kept and a 20, note to be taken from the second mortgage.

LOL Rememeber, the mod is suppose to be for struggling homeowners. It has been very frustrating. I think it is to get the RMA declined to proceed with foreclosure.

What is a Hardship Affidavit? A Question we get about HAMP

Contact A Housing Counselor. First of all, saving is not a requisite for receiving a Hamp, income is another story.

Find relevant information including recent news, program performance reports, and other resources specifically for the press in one convenient location.

My loan went from Chase to SPS. Harsh rules rmaa many homeowners in trouble.

Thousands of Short Sales saved from Buyers dropping their offers! Once it passed that stage it moves on for the “analysis” and mod decision and I was told from that point through TPP no further “refreshing” is required. OK, so let me clarify. Studies suggest that homeowners who work with housing counseling experts are more successful and have better long-term outcomes.

I am not quite sure the exact terms, but this is why all of these banks were doing what they did with the modifications.

Let an expert from a HUD-approved housing counseling agency help you understand your options, prepare your application, and work with your mortgage company. NW, Washington, DC What is a Mra Affidavit?

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Department of Housing and Urban Development. Please turn on JavaScript and try again. Debt includes credit cards, home equity or other debt. They escalated and requested that my bank statements be reviewed, but after 10 business days, they hadn’t. There is no requirement to refresh the income documentation during the TPP.

There is some clause in the pooling and servicing agreement that states if a house goes to foreclosure the gov’t will pay these banks a certain amount of money. Up until the decision my bank was telling me the same reasons that they were telling FC.

I am willing to commit to credit counseling if it is determined that my financial hardship is related to excessive debt. Haamp have read both that either That was before I found out that you did not need a downpayment. I’ll report them to as many people and organizations that I have to.

What is a Hardship Affidavit? A Question we get about HAMP – Mortgage Lender Report

I understand that the Servicer will collect and record personal information, including, but not limited to, my name, address, telephone number, social security number, credit scoreincome, payment history, government monitoring information, and information about account balances and activity. Anyway, now my financials, NPV etc. Official Program of the U. I was even part of the massive lawsuit and received the token settlement payment through that action.

I was working with Chase prior to SPS getting the “job” this has been years!. I almost think this tactic is deliberate. For now, I’ll have to live through your success! I was part of the IFR process and the settlement.