HAMP Cash Payment Summary Report Provides ACH Deposit Information

							HAMP UPDATE                                                                                                                 September 23, 2009
HAMP Cash Payment Summary Report Provides ACH Deposit Information

 As Administrator for the Home Affordable Modification Program (HAMP), Fannie Mae will be facilitating payments to
 registered HAMP servicers for qualifying official loan modifications made under the HAMP, as outlined in Supplemental
 Directive 09-01: Introduction of the Home Affordable Modification Program.

 HAMP Payment Information

          The day before payments are deposited, a Cash Payment Summary Report will be distributed by Fannie Mae to
           those servicers receiving funds for the current reporting cycle via the servicer's WebTrader mailbox.1 This report
           provides loan-level data for all payments and indicates the associated payor: U.S. Treasury Department,
           Fannie Mae, or Freddie Mac.
          Payments are to be made as cash deposits to your bank account using the Automated Clearing House (ACH)
           Network.2
          Separate deposits will be made for each payor: U.S. Treasury Department, Fannie Mae, or Freddie Mac.

 1
  After the HAMP Data Collector is retired in late November 2009, the Cash Payment Summary Report will be available through the HAMP Reporting Tool. (See
 Use of New HAMP Reporting Tool Required by End of November; Register Today!)
 2
   Contact the HAMP Support Center at setup@hmpadmin.com or 1-866-939-4469 (select option 1, then option 1, and finally option 2) to confirm that you have
 provided us with a HAMP Registration Form that includes ACH instructions and default bank account information.


 For more information about incentive payments, review the HAMP Compensation -- First Liens matrix on
 HMPadmin.com.

 Questions?
 Please contact the HAMP Support Center at support@hmpadmin.com or 1-866-939-4469.




This message was sent via email to servicer representatives registered for HMPadmin.com on effective date at top of the message.