Using the HAMP Reporting Tool: Reporting Treasury FHA-HAMP Official Modifications to the U.S. Treasury ¹

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1 Using the HAMP Reporting Tool: Reporting Treasury FHA-HAMP Official Modifications to the U.S. Treasury ¹ In July 2009, the Federal Housing Administration (FHA) launched the FHA-Home Affordable Modification Program (FHA-HAMP) to provide additional assistance to borrowers with FHA insured loans who are unable to meet their mortgage payments through FHA s Mortgagee Letter This is a mandatory loss mitigation program for FHA-insured loans and servicers must follow the program guidelines in ML and all other related existing or future guidance. The effective date of the FHA-HAMP was August 15, In March 2010, the U.S. Treasury announced that FHA-insured first lien mortgage loans that are modified under FHA-HAMP are eligible for certain incentive payments under HAMP. Servicers must provide periodic Treasury FHA-HAMP loan level data to Fannie Mae using the Treasury system of record. The data must be accurate, complete, and in agreement with the servicer s records. Data must be reported by a servicer at: The start of the modification trial period, During the modification trial period, At loan set up of the permanent modification, and Monthly after the modification is set up. Beginning on August 2, 2010, the servicer must report Treasury FHA-HAMP modification data to the U.S. Treasury using the HAMP Reporting Tool. The tool is available to participating servicers on the secure servicer area (using the Participating Servicer Login) of the HAMP Web site Note: If the modified loan is a GSE loan, additional reporting to the GSE is required using the GSE s internal reporting systems. This job aid describes how to report Treasury FHA-HAMP official modifications. 1 The reporting requirements explained in this document are in addition to any contractual reporting requirements you may have as a servicer of mortgage loans. 9/16/2010 1

2 To report loan setup data for Treasury FHA-HAMP official modifications, take the following steps: Step 1. Log in to the secure servicer area of the HAMP Web site For instructions on how to register for the secure servicer area of the HAMP Web site, refer to the job aid entitled, Becoming a Participating Servicer in the Home Affordable Modification Program, available on the HAMP Web site Step 2. Click the HAMP Loan Reporting Tools & Documents link. The HAMP Loan Reporting: Tools & Documents page is displayed. Step 3. Step 4. Click the Launch the HAMP Reporting Tool link. Login to the HAMP Reporting Tool using the Logon Name and Password that you were assigned when registering for the tool. The HAMP Reporting Tool Home screen for the first lien or second lien program will be displayed. You must ensure you select the appropriate program, FirstLien (if applicable) as shown below, from the Program drop-down menu before moving onto the next step. Step 5. Select the FHA Official Modification option from the FHA dropdown menu. The FHA Official Modification option has 6 sections: Loan Details First Trial Payment Record Property Details Borrower / Co-Borrower Pre Modification Post Modification Step 6. Enter the requested data using the following guidelines. 9/16/2010 2

3 You can copy much of the data from the file you created when st submitting the initial loan setup data and the 1 trial payment. However, keep in mind that the values in many of the fields may have changed because of loan activity during the trial period or because of information you received while verifying the information provided by the borrower. For detailed information on what data to enter into each field: Hover your mouse pointer over field names. A pop-up window will appear with additional information about the field, as shown: In addition, you should refer to the FHA-HAMP Data Dictionary, available at for a list of data elements, their definitions, and the conditions under which each is required Mandatory, or required, data fields are denoted by a red border. You can enter Date data fields manually or by clicking the calendar icon that is placed next to a Date data field. Manually entered dates can be formatted in the following ways: 07/23/2009 or If (***) appears alongside a data field, you have entered the data in an invalid format and you should reenter the data. If you are unable to complete the form, you can save it any stage and return to it at a later date by clicking the Save and resume later link, located at both the top and the bottom of the form. The HAMP Reporting Tool displays a confirmation message under the message to alert you that your data was saved successfully. 9/16/2010 3

4 To retrieve the data the next time you access the form, click the Load Saved Data link. The HAMP Reporting Tool will populate the form with your previously entered data. If you wish to remove saved data, you can manually edit the fields or select the Clear Form button located at the bottom of the form to reset all fields to their default values Note that the HAMP Reporting Tool only stores one copy of the form at a time for a period of no more than 48 hours; therefore, each time you save a form, the previously stored data is overwritten. If you wish to start a new form, you must first complete the current form, submit it and then start the next form. Since the HAMP Reporting Tool only saves the most recently entered loan and does not save the data once it is successfully submitted, you may want to capture your loan information in hard copy or a spreadsheet. It is recommended you take one of the following actions: Print a blank form from the HAMP Reporting Tool, manually complete it and then enter the information from the printed copy. Keep the manually completed form for your records. Keep a record of all data you submit using the HAMP Reporting Tool in a separate file that you create manually. Keep the file for your records. Step 7. Confirm that the data you have entered is complete, accurate, and agrees with your records. Step 8. Click Add Activity. An initial validation is performed to ensure that any mandatory, or required, fields are populated accordingly. If not, an Activity Response pop-up window opens that lists the data fields that need values. Enter the missing data, and click Add Activity to resubmit the data. A second validation is performed that checks the business rules for warnings and errors. If any warnings or errors are found, an Activity 9/16/2010 4

5 Response pop-up window opens that lists them. Errors must fixed. Click Add Activity to resubmit the data. If no error message is shown, your data has been submitted successfully and the HAMP Reporting Tool displays the confirmation message, Activity Processed. Notes: The instructions in this Job Aid describe how to report loan setup data for FHA official HAMP modifications for one record at a time. The HAMP Reporting Tool provides the possibility for you to upload multiple records at one time. If you prefer to upload multiple records at one time, refer to the job aid entitled, Uploading Files with Multiple HAMP Loans, available on the HAMP W eb site To correct previously reported data, you must take the following step: o Reenter all the data that you entered previously, making the required corrections, and select Official Correction from the Submission Status Code drop- down list To view data you submitted, refer to the job aid entitled, Viewing reports, available on the HAMP Web site be For more information or questions regarding the HAMP Reporting Tool, please contact the HAMP Solution Center at or contact your HAMP Servicer Integration Team Representative. 9/16/2010 5