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HAMP Tier 2 guidelines expanded eligibility to more homeowners than HAMP Tier 1 guidelines. HAMP Tier 2 allows non-owner occupant properties; therefore, a borrower can modify a rental property or a vacant home as long as the borrower intends to rent it. Homeowners not eligible for HAMP Tier 1 (e.g., NPV negative or excessive forbearance) based on investor guidance, offer a HAMP Tier 2 trial period plan This expanded HAMP criteria, referred to as HAMP “Tier 2,” became effective on June 1, The Treasury FHA-HAMP Program provides assistance to eligibleThe federal Home Affordable Modification Program (HAMP) modified home loans (mortgages) to make them more affordable for struggling homeowners who were facing foreclosure. There were two levels or “tiers” under HAMP: Tier 1 and Tier 2. Borrowers who had a steady income, but 8 Feb 2010 1.4.1.3 Treasury FHA-HAMP and RD-HAMP Eligible Loans . .. 1.1.1 Basic HAMP Eligibility Criteria . 1.1.2 HAMP Tier 1 Eligibility Criteria . 8 Jun 2012 The HAMP Tier 2 program became effective June 1, 2012. The new guidelines fall under the title of HAMP (Home Affordable Modification of Agriculture Rural Housing Service or the Federal Housing Administration (FHA). 9 Mar 2012 defined by the FHA or the RHS must be postmarked by the borrower on HAMP Tier 2 and the loan satisfies the HAMP basic eligibility criteria number of homeowners who may qualify for HAMP Tier 2. 4 Current unpaid Under Treasury guidelines, unemployed homeowners must be The Treasury FHA-HAMP Program provides assistance to eligible homeowners with FHA-insured. Agenda. HAMP Tier 2 – Standard & Alternative Modification Waterfalls Overview of HAMP Eligibility. Criteria. Guideline. HAMP. Tier 1. HAMP. Tier 2. Servicer, guaranteed, or insured by Fannie Mae, Freddie Mac, FHA, VA, or USDA. ?. ?. 18 Mar 2015 behind on my first HAMP Tier 1 Mod with a FHA-GOV loan by BofA rough estimate 39000. I told them I would like to start the process of applying for a Tier 2 as from my . here are the most recent FHA HAMP guidelines: