Supplemental Directive 13-04: Making Home Affordable Program – Extension and Enhancements

Supplemental Directive 13-04: Making Home Affordable Program – Extension and Enhancements

On June 13, 2013, Supplemental Directive (SD) 13-04: Making Home Affordable® Program – MHA Program Extension and Enhancements was issued, providing new guidance to servicers for implementation of the extension and enhancement of the Making Home Affordable (MHA) Program.

The SD amends and supersedes the notated portions of the Handbook, and except as stated therein, is effective immediately. The following topics are covered:

  • MHA® Program Extension to 2015
  • Simplification of Home Affordable Modification Program® Income Documentation Requirements

This guidance does not apply to mortgage loans that are owned or guaranteed by Fannie Mae or Freddie Mac (each, a GSE), insured or guaranteed by the Veterans Administration or, except as specifically noted in the SD, insured or guaranteed by the Department of Agriculture’s Rural Housing Service (RHS) or the Federal Housing Administration (FHA). Servicers of mortgage loans that are owned or guaranteed by Fannie Mae or Freddie Mac should refer to the HAMP® announcement to be issued by the applicable GSE.

Read SD 13-04 in its entirety for more information.

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