Homeowner Affordability and Stability Plan (HASP)

Making Home Affordable

The Homeowner Affordability and Stability Plan (HASP) is part of a comprehensive strategy to reinforce the U.S. economy by helping millions of homeowners modify or refinance their mortgages to avoid foreclosure. In doing so, the plan not only helps responsible homeowners on the verge of default, but helps prevent further decline in neighborhoods and communities across the country.

Radian is a proud partner in this effort and we have assembled many of the details you need to expedite the process. Contact us if you want additional information about the program.

Click the appropriate category below for more information on Radian's policies and programs for modifying and/or refinancing loans.

  • Performing Loans
  • Non-Performing Loans

Performing Loans

This table shows the options available for performing loans. We define a performing loan as one that is current, 0 x 30 within the past 6 months and no more than 1 x 30 in the most recent months 7 – 12, with no default anticipated. If a loan is eligible for more than one refinance program, we encourage you to use whichever program gives your borrower the best MI rate available for their specific scenario.
Submit forms and/or spreadsheets to Radian by fax at 866.326.7708 or secure email to certmods@radian.biz.

 
Performing Loans
Fannie Mae/ Freddie Mac HARP Eligible Servicer Radian Policy Certificate Rates/ Coverage Documentation/ Submission
Yes
 
 

 
Yes
Same
 
 

 
New
Radian's HARP Eligible Modification Program Certificate of Insurance Endorsement for Loan Modification Original rate and coverage percentage Single Loan:
Notification of Mortgage Insurance Modification

Multiple Loans:
HARP Performing spreadsheet

No additional documentation required
No Same Non-GSE Modification Program Certificate of Insurance Endorsement for Loan Modification Original rate and coverage percentage Notification of Mortgage Insurance Modification

No New Non-GSE Modification Program New certificate Current published rate and requested coverage percentage Complete loan application package submitted through standard delegated and non-delegated method. (Please see Radian’s published underwriting guidelines for details)

Notes:

*If a performing loan meets our current underwriting guidelines, Radian does not need to be the insurer of the original loan.

 


Non-Performing Loans for Same Servicer

The following table shows the options available for non-performing loans. Radian defines a non-performing loan as one that is currently in default or in imminent risk of default, based on the NPV waterfall identified in Treasury's documentation.

If a loan is eligible for more than one modification program, we encourage you to use whichever program gives your borrower the best MI rate available for their specific scenario. Submit all forms and/or spreadsheets via secure email to certmods@radian.biz.

Program Description Radian Policy Radian Rate and Coverage Applied Submission Method(s)
H
A
M
P
Non-GSE HAMP


Home Affordable Modification Program (HAMP)
Making Homes Affordable (MHA)

Fannie Mae HAMP

Freddie Mac HAMP
Delegated Original rate and percentage level Single Loan:
Modification Form

Multiple Loans:
Non-Performing Worksheet
N
O
N
-
H
A
M
P
Radian standard Defaulted Loan Modification Program Various non-HAMP, GSE and non-GSE retention workout programs, each designed to resolve the default or an imminent default, and keep the borrower in their home Delegated Loss Management
S
T
R
E
A
M
L
I
N
E
D
GSE Streamlined Modification Programs Fannie Mae Streamlined Modification

Freddie Mac Streamlined Modification
Delegated