Fillable Mha Screening Checklist (Page 3 of 3) in pdf

Is the client potentially eligible for FHA-HAMP (check if yes)?



Short Sale or Deed-in-Lieu: Home Affordable Foreclosure Alternatives (HAFA): Please note, pursuant to NFMC

guidelines, NFMC funds can only be used for single-family, owner-occupied, one-to-four unit properties. NFMC Program

Grantees must screen for eligibility for HAFA by determining the following:

Check all that

apply

1. Is the loan a first lien, conventional mortgage owned or guaranteed by Fannie Mae or Freddie Mac?

(Please note: Information is available through loan look-up tools at Fannie Mae and Freddie Mac's websites:

Fannie Mae - https://

Freddie Mac- )

2. Does the client have a financial or other hardship?

3. Is the client’s monthly debt ratio greater than 55%?

(Please note: For mortgage loans that are less than 31 days delinquent but evaluated as in imminent default, the

Borrower’s back-end debt-to-income ratio must be greater than 55%. Active duty military service members of the U.S.

armed forces with Permanent Change of Station (PCS) orders relocating from a primary residence purchased on or before

June 30, 2012, are exempt from the total monthly debt ratio requirement).

4. Is the home the client’s primary residence, second home, or an investment property?

(Please Note: For mortgage loans that are more than 30 days delinquent, the property may be a principal residence, a

second home, or an investment property. For mortgage loans that are less than 31 days delinquent but evaluated as in

imminent default, the mortgage property must be the client’s principal residence).

5. Did the client take-out a new mortgage during the term of their hardship?

(If the hardship is distant employment transfer/relocation, a new mortgage during the term of the hardship is permitted.

For other hardships when a new mortgage is taken out during the term of the hardship, consideration for a Short Sale or

Deed-in-Lieu is on a case by case basis.)

6. Is the transaction arm’s length?

7. Is the property in good condition and not have any environmental hazards or pose any legal concerns?

Is the client potentially eligible for HAFA (check if yes)?



==================================================================================================

)

Counselor Certification: (Please print your name below

 I, ___________________________________, certify that I have reviewed the available options on the Making Home

Affordable Screening Checklist and the client is potentially eligible for the following based on the information currently

available to me (check all that apply):

 HAMP

 HAMP Tier 2

 HARP

 FHA-HAMP

 HAFA

Note: This document should be used to screen clients to determine if they potentially qualify for assistance through the Making Home

Affordable Program. Grantees should use this form during their initial assessment of their clients. The form can be shared with clients to

help them better understand MHA requirements. Additionally, there are other programs offered through Making Home Affordable that

aren’t listed on this checklist. You should visit the MHA website at

to find out more information

about these programs. Additionally, Participating Agencies and Sub-agencies in the MHA Outreach and Intake Project may submit initial

packages in Hope LoanPort as part of the project for those borrowers who are potentially eligible for HAMP or HAMP Tier 2.

Last updated: May 1, 2013

Mha Screening Checklist Page 3

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