FHA Single Family Housing Policy Handbook 4000.1, Part IV — j. Claim Type 33 ** - FHA-HAMP Partial Claim (06/15/2020)
FHA Single Family Housing Policy Handbook 4000.1, Part IV — j. Claim Type 33 ** - FHA-HAMP Partial Claim (06/15/2020).
Verbatim regulatory text
Verbatim provisions from FHA Single Family Housing Policy Handbook 4000.1, Part IV — j. Claim Type 33 ** - FHA-HAMP Partial Claim (06/15/2020) — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
FHA Single Family Housing Policy Handbook 4000.1, Part IV — j. Claim Type 33 ** - FHA-HAMP Partial Claim (06/15/2020)
j. Claim Type 33 ** – FHA-HAMP Partial Claim (06/15/2020) The Mortgagee may file a claim for an FHA-HAMP Partial Claim incentive and insurance benefits under Claim Type 33 **. HUD will pay the Mortgagee a financial incentive for the use of an FHA-HAMP Partial Claim in compliance with all regulatory requirements and procedures relating to the submission of incentive claims. The Mortgagee may only file for an incentive fee for the Loss Mitigation Option used to cure the Default. When the FHA-HAMP Partial Claim and FHA-HAMP Loan Modification are used together, the Mortgagee must submit two separate claims for the incentives for these two options. HUD must receive a correct and complete claim submission of Parts A and B via FHAC or FHA Catalyst within 60 Days of the execution date of the promissory Note and Mortgage or the incentive will be disallowed.