Supplemental Directive 10-01 is available at: https://www.hmpadmin.com/portal/docs/hamp_servicer/sd1001.pdf
From page 1:
A significant program change is a requirement for full verification of borrower eligibility prior to offering a trial period plan. Effective for all HAMP trial period plans with effective dates on or after June 1, 2010, a servicer may only offer a borrower a trial period plan based on verified income documentation in accordance with this Supplemental Directive.
This Supplemental Directive also provides guidance to assist servicers in making HAMP eligibility determinations for borrowers currently in active trial period plans, including those borrowers subject to the temporary review period required by Supplemental Directive 09-10.
This Supplemental Directive provides guidance to servicers of first mortgage loans that are not owned or guaranteed by Fannie Mae or Freddie Mac (Non-GSE Mortgages). Servicers of first mortgage loans that are owned or guaranteed by Fannie Mae or Freddie Mac should refer to the related HAMP guidelines issued by the applicable GSE.
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Effective for all trial period plans with effective dates on or after June 1, 2010, a servicer may evaluate a borrower for HAMP only after the servicer receives the following documents, subsequently referred to as the “Initial Package”. The Initial Package includes:
Request for Modification and Affidavit (RMA) Form,
IRS Form 4506-T or 4506T-EZ, and
Evidence of Income
(The RMA and IRS forms are available at: http://www.makinghomeaffordable.gov/requestmod.shtml)
Other changes announced in SD 10-01:
At page 4:
Continued Eligibility for HAMP
A borrower who has been evaluated for HAMP but does not meet the minimum eligibility criteria described in the “HAMP Eligibility” section of Supplemental Directive 09-01 or who meets the minimum eligibility criteria but is not qualified for HAMP by virtue of a negative NPV result, excessive forbearance or other financial reason, may request reconsideration for HAMP at a future time if they experience a change in circumstance.
At page 8:
Definition of “current” under trial plan is defined as the borrower having made each required trial period payment by the last day of the month in which it is due.
H.A.M.P. Program Changes Announced
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