This 2-hour webinar highlights Freddie Mac's investor accounting and reporting requirements for the Home Affordable Modification Program (HAMP). Specific highlights include:
Investor accounting during the Trial Period and establishment of the modified loan terms after successful completion of the Trial Period
Expanded codes for Electronic Default Reporting (EDR)
Weekly HAMP activity reports and monthly principal forbearance reports
Overview of monthly HAMP reporting for Fannie Mae in their capacity as Program Administrator for the U.S. Department of Treasury
Prerequisites:
This session is for employees of approved Freddie Mac Servicers with experience in Freddie Mac's investor accounting and/or EDR activities
Simultaneous access to the Internet (to receive the visual presentation) and a telephone (to receive audio)
Course materials will be e-mailed to you prior to the start of the session
Objectives:
Understand Freddie Mac's investor accounting and reporting requirements for the HAMP including investor reporting and remitting, EDR, and activity reporting to Freddie Mac and the Program Administrator, Fannie Mae.
Topics:
HAMP effective dates: Trial Period payments and Modification Date
Investor Accounting Requirements
Additional Requirements during the HAMP Trial Period
EDR - expanded codes
Late fees
Modified Mortgages with partial principal forbearance
HAMP: Freddie Mac Investor Acctg and Rprtg Reqmts