- LEARNING CENTER
In July 2009, FHA launched the FHA-Home Affordable Modification Program to provide assistance to borrowers to modify their mortgages to provide more affordable payments. Under Chapter VI of the MHA Handbook, FHA-insured first lien mortgage loans that are modified under FHA-HAMP are eligible for certain incentive payments under HAMP.
The incentive eligibility guidelines for the Treasury FHA-HAMP are detailed further in the servicer documents listed below.
Chapter VI of the MHA Handbook provides guidance to FHA servicers for adoption and implementation of Treasury FHA-HAMP. Provides pay-for performance incentive compensation to borrowers and pay-for-success incentive compensation to servicers for FHA insured first lien mortgages that are modified, on or after August 15, 2009, pursuant to FHA's Mortgagee Letters 2009-23, 2009-35, 2009-39, 2010-04, 2010-11 and 2012-22.
Making Home Affordable Handbook v5.1 - The MHA Handbook will be updated periodically to include additional guidance on related programs.
Access the MHA Handbook on AllRegs - Open to subscribing and non-subscribing AllRegs customers.
Please note: There may be a time delay for new MHA Handbook publication updates to appear in the AllRegs Library.
This matrix provides a summary of servicer, investor, and borrower compensation by program. Frequency, payee/beneficiary, amounts, and timing are provided, as well as the data attributes used for each calculation.