HOPE for Homeowners

HOPE for Homeowners (H4H) is a new temporary Federal Housing Administration (FHA) mortgage insurance program that helps borrowers who have difficulty paying their mortgage. This program allows qualified borrowers to refinance into affordable FHA-insured mortgages while providing lenders an opportunity to gain borrowers’ trust following bad experiences with loans in default. Learn more about the H4H program.

FHA-approved lenders eager to offer this program need to act quickly. We can provide you with the training, education, and documentation necessary for a successful implementation:

• Lender Training—Comprehensive web-based or onsite training to help your team understand the basics of H4H mortgage lending.
  
  
• Mortgage Document Services—Best practice loan package based on industry standard federal- and state-specific loan documentation for H4H mortgage lending.
  
  
• H4H Mortgage Documents—Warranted state-specific origination and closing forms available in print or electronic format (through VMP® Mortgage Solutions), or through our Desert Document Services® document preparation solution:
  
  
  • HOPE for Homeowners Program:  Understanding of Key Loan Restrictions
  • HOPE for Homeowners Lender’s Certification
  • Lender Insurance Program Pre-Insurance Review Checklist
  • Shared Equity Note
  • Shared Equity Security Instrument
  • Shared Appreciation Note
  • Shared Appreciation Security Instrument
  • HOPE for Homeowners Program:  Understanding of Key Provisions of Appreciation Sharing
    
    
• Strategic Level Compliance Assessment—Complete review of your mortgage portfolio, compliance program, and lending processes to help you proactively manage areas of risk.
  
  
• System Integration Consulting—Expert assistance with developing system requirements and functional specifications for integration to lending applications.
  
  
• Post Government Integration Assistance—Independent review of your
  government lending program to help you implement a quality control plan, prepare your team for regulatory exams and mortgagee reviews, and resolve inefficiencies in workflow processes to minimize your risk.
  
  
• Consumer Education Materials—Brochure and disclosures to help your borrowers understand the H4H program.