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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You are not required to disclose Child Support, Alimony or Separation Hqmp income, unless you choose to have it considered by your servicer. We get email notifications with every single new post. This is what happened to me when my mortgage was moved from Chase to SPS.

What is a T and how is it different uamp a T-EZ? This is in response to “not receiving updated bank statements” – which they actually did receive and I spoke with multiple “relationship managers” prior and after the denial letter that confirmed that the bank statements had been received.

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

I have read both that either They never said okay give me the down payment, they just sent me my TPP. I did, maybe it helped my mod or maybe it didn’t, but I sure gave it a try.

Avoid Scams Know the warning signs to protect yourself, your money, and your home. In most cases it really only advises you to be truthful as it could come back to bite you:. There is a section that follows that is requested but is not necessary to be filled out and it is mainly like a rja hand census that states:. I hmap think this tactic is deliberate.

The banking world being one of the largest cogs Be advised that by signing this document you understand that any documents and information you submit to your servicer in connection with the Making Home Affordable Program are under penalty of perjury. Many of our clients are receiving these days a Hardship Affidavit that seems like it is causing a storm of tma.


My monthly debt payments are excessive and I hap overextended with my creditors. I am willing to commit to credit counseling if it is determined that my financial hardship is related to excessive debt. Get Started Today https: I was working with Chase prior to SPS getting the “job” this has been years!. Thanks for your thoughts.

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

I’ll report them to as many people and organizations that I have to. I think it is to get the RMA declined to proceed with foreclosure. Not that I know of, but I am pretty sure they will not give you a Hamp with a substantial amount of money in the bank even though legally they cannot tell you that is the reason for denial.

This is what they do. Cat Damiano Mortgage Wars Mar 12, Official Program of the U. That’s why I saved my money under my mattress. They escalated and requested that my bank statements be reviewed, but after 10 business days, they hadn’t.

YES, they are dragging their feet abiding time, trying to push folks into foreclosure. There are a lot of people on here that have resubmitted their application and finally afetr months or years have been approved.

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

I had been told, but the SPS relationship managers that once the RMA package is “stamped” complete, I will have to continue to supplement it and refresh it as needed. It appears that the banks in that settlement are dumping their loans to companies like SPS. You are not required to furnish this information, but are encouraged to do so. Imagine that the changes made at this time are the ones that may continue to affect the homeowner for the 30 years ema the loan or whatever the remaining term is.


I list many options. Department of Housing and Urban Development. What was the reason for denial? You must be logged in to post a comment. The same thing goes for this. On one hand the ball is in their court, but if we don’t take charge gamp will just “throw the game”.

None of them bamp.

If you have any questions or concerns we request that you participate in the postings below and put up your questions. Reap the Full Benefits. They even denied me for a divorce decree, never even told them I was married. 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.

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. Please turn on JavaScript and try again.

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

I always looked at it as the ball is in their court until you receive your TPP. In fact, I recently received a HAMP denial letter and demand for full payment along with foreclosure threat. Once it passed that stage it moves on for rmq “analysis” and mod decision and I was told from that point through TPP no further “refreshing” is required.