Making home affordable home affordable modification program hamp the largest program within mha is the home affordable modification program hamp. In early 2009, treasury launched the making home affordable. Hamp rules on loss mitigation national consumer law center. Mhas principal component is the home affordable modification program hamp. A loan modification changes your loan permanently, so it may not be an option if youre facing a temporary hardship. Yes, if you are in an active open chapter 7 or chapter bankruptcy case, you must be. Participation is voluntary and the lender has to choose to participate. Making home affordable us department of the treasury mar 6, 2015. Making home affordable has real help to offer, but you have to take the first step. Rma form bank of america awesome request template new rms formula excel letter format return merchandise form rma here rms formula square wave excel format sample template for cur return form template elegant rma e2 80 93 cgcprojects org excel rms formula triangle. Making home affordable program doddfrank certification, borrower identity and owneroccupancy verification in february 2009, the obama administration introduced the making home affordable.
Making home affordable five years later front page. Mhas principal component is the home affordable modification program. We know that home ownership can be one of the most valuable and rewarding investments an individual or family can make. Since 2010, weve found solutions for more than 100,000 americans struggling to make. Hamps goal is to offer homeowners who are at risk of foreclosure reduced monthly mortgage payments that are affordable. Obamas program stcks, because the banks are not helping at all, they are just prolonging the process so we could get more deeper in trouble. Principal reduction alternative pra assists homeowners with a loantovalue ratio exceeding 115 percent home affordable. Supplemental directive 1702 page 2 administrative clarifications incorporated into version 5. If you want to refinance but your home value is less than your loan balance, u.
I thought id put this up because i wasted time and almost gave away information responding to all those ads offering to help with home loan. On your loan statement, check the additional account information section for your loan type. The main activity under mha is the home affordable modification program other programs under mha include. The making home affordable program was launched in march 2009 with the home affordable modification program hamp, which provides assistance to struggling homeowners by lowering monthly first lien mortgage payments to an affordable. Over the last seven years, the making home affordable mha program has helped over 1. Making home affordable program purpose and overview. Well send you a trial period plan notice explaining the terms, the amount, the deadline to accept the terms, and the date your first trial payment is due. Home loan assistance document checklist bank of america.
For immediate assistance call 888995hope 4673 hearing impaired. Making home affordable program help for underwater mortgages. Request for mortgage assistance rma page 1 complete all four pages of this form other. It is offered as part of the making home affordable mha initiative sponsored by the. If you have home equity financing or any other liens on the property, they may need to be addressed separately from your first mortgage. Making home affordable program doddfrank certification. Home affordable modification program hamp front page. Page 1 of 10 78381mu 0512 barcode making home affordable program request for mortgage assistance rma request for mortgage assistance rma page 1 complete all pages of. There are two components for home owners, refinancing and loan modifications.
Has anyone had experience with wachovia aka wells fargo and the making home affordable. The making home affordable program of the united states treasury was launched in 2009 as part of the troubled asset relief program. Tax form form 4506tez or form 4506t to learn how to return documents to bayview, see our how to return documents guide on pages. Request for mortgage assistance rma home affordable. Making home affordable program and home affordable modification program. Page 1 of 10 78381mu 0512 barcode making home affordable program request for mortgage assistance rma request for mortgage assistance rma page 1 complete all pages of this form requesting mortgage assistance for mortgage loan number. Making home affordable program handbook for servicers.
Cell phone home phone work phone email textchecking this box indicates your consent for text messaging. Although this resource will no longer be available. If approved, youll start a three or four month trial period to make sure you can afford the new payments. Making home affordable program request for mortgage assistance rma making home affordable. A complete request for modification and affidavit rma. Hamps goal is to offer homeowners who are at risk of foreclosure reduced monthly mortgage payments that are affordable and sustainable over the longterm. Fillable online rma form template fax email print pdffiller. Permanent loan modifications since april 2009 graph, 8 million. Keep the property sell the property the property is myour. It is used by individuals who want to make a request for assistance with their mortgage to their. You must provide information about yourself and your. If my liability for the mortgage debt was discharged in a chapter 7 bankruptcy proceeding after i signed the mortgage documents, or if i am entitled to the protections of any automatic stay in.
Mha request for mortgage assistance rma home affordable. Together, public and private efforts have helped more than 7 million americans get mortgage assistance to prevent avoidable foreclosures. Homeowners currently in hamp permanent modifications with some form of principal. We also understand that the ongoing costs of monthly mortgage payments, home. Making home affordable program request for mortgage assistance rma request for mortgage assistance rma page 1 complete all four pages of this form loan i. Rma form fill online, printable, fillable, blank pdffiller. The making home affordable program helps homeowners in.
The making home affordable program was launched in march 2009 with the home affordable modification program hamp which provides assistance to struggling homeowners by lowering monthly first lien mortgage payments to an affordable. Making home affordable program request for mortgage. If you include income and expenses from a household member who is not a borrower, please specify using the back of this form if necessary. The making home affordable program helps homeowners in bankruptcy the making home affordable program is a critical part of the governments effort to stabilize the housing market. Since the launch of making home affordable mha in 2009, treasury has worked diligently to help homeowners at risk of foreclosure, and stabilize the nations housing market. An rma form is also known as a request for mortgage assistance form. The making home affordable mha program was designed to help families avoid foreclosure and strengthen the recovery of the housing market. Making home affordable program obama home loan refinance.
If you are experiencing a financial hardship and need help, you must complete and submit this form along with other required documentation to be considered for foreclosure prevention options under the making home affordable \mha\ program. Page 1 of 19 request for mortgage assistance rma hardship affidavit dear borrower, if you are facing financial difficulties, you are not alone. Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on youtube. The new title of the program is making home affordable. G0v if you are experiencing a financial hardship and need help, you must complete and submit this form along with other required documentation to be considered for foreclosure prevention options under the making home affordable mha program you must provide. As of december 30, 2016, no new applications or new requests for assistance under any mha program will be accepted. Or use the fannie mae or freddie mac lookup tools, or call them.
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