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This form is used by borrowers to document their financial hardship in connection with the Home Affordable Modification Program. Keywords 1021,Servicing Transactions,Loan Application
Fannei Mae Form 1021 Page 2 of 4 Aprl 2009 Information for Government Monitoring Purposes The following information is requested by the federal government in order to monitor compliance with federal statutes that prohibit discrimination in housing. You are not required to furnish this information, but are encouraged to do so.
In order to qualify for _____________________________’s (“Servicer”) offer to enter into an agreement to modify my loan under the federal government’s Home Affordable Modification Program (the “Agreement”), I/we am/are submitting this form to the Servicer and indicating by my/our checkmarks (“ ”) the one or more events that ...
HAMP works by encouraging participating mortgage servicers to modify mortgages so struggling homeowners can have lower monthly payments and avoid foreclosure. It has specific eligibility requirements for homeowners and includes strict guidelines for servicers.
My household income has been reduced. For example: reduced pay or hours, decline in business earnings, death, disability or divorce of a borrower or co-borrower. My monthly debt payments are excessive and I am overextended with my creditors. Debt includes credit cards, home equity or other debt.
Fannie Mae Form 1021 – Fill Out and Use This PDF. The Fannie Mae 1021 form, also known as the Home Affordable Modification Program Hardship Affidavit, is a document that borrowers must complete to request a loan modification due to financial hardship.
Complete the Request for Modification and Affidavit (RMA) form: This form is crucial for applying to the HAMP. Fill it out accurately and provide all requested information. Make sure to include your financial details, reasons for requesting the modification, and any other required information.
