NEW RMA form

We've all know about the problem with the old RMA, and having to explain to sellers, 'yes it says 'modification' but it's also used for your short sale'.

We now have a 'new' form to attempt to address this problem.  Introducing:

RMA (Request for Mortgage Assistance).

I don't remember whether it was WF or BAC who brought this to my attention, but they insisted the seller re-do their info on this form.

I was bothered that their is no revision date anywhere on the form and no OMB number to make it appear an 'official' form - but I did find it at hmpadmin.  Seems it was created in October 2011 (I don't recall - I looked it up a few weeks ago).  A little strange it would only pop up now?

I'm attaching the form.

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Replies to This Discussion

Permalink Reply by Joyce Annette Vineyard on March 21, 2012 at 5:41pm

Permalink Reply by Angela Alfe on March 23, 2012 at 12:34pm

The only real difference I can see is that they added the Dodd-Frank certification into the form as opposed to having it on a separate sheet within the form.  I read everything quickly and didn't see any verbiage alterations, so...

Permalink Reply by Steven Pawera on March 23, 2012 at 1:52pm

so it's one more way not to lose an extra 4 or 5 days as they discover you have the 'wrong' RMA, and you wait to get the new one completed. 

After that, they'll have to find a new excuse, 'signed in blue ink with your left hand, instead of black ink with your right hand'.  :)

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