February 14, 2014
To:
Mark McArdle, U.S. Treasury
From: Di Richardson, President CalHFA MAC
Re:
Quarterly Performance Data Report to U.S. Treasury, for period ending December 31, 2013
Attached please find a copy of the Quarterly Performance Data Report, for the period ending December
31, 2013. This report reflects the homeowner characteristics, results and outcomes for the Keep Your
Home California Program (KYHC) Hardest Hit Fund (HHF) program.
The report describes several important milestones and accomplishments for the KYHC-HHF Program.
The KYHC program has seen tremendous growth over the past two years. A breakdown by program of
homeowners assisted, assistance provided to date and program growth is illustrated in the following
chart.
Program
Unique Homeowners Assisted
Cumulative
Homeowners
Assisted
2012
2013
20,375
% Growth Rate Year Over Year
17,183
2013
$244,609,632
$543,668,924
27,315
222.3%
$167,779,765
159.0%
2,739
4,806
940
2,559
$34,836,893
472
449.5%
Results as of December 31, 2013.
1
$63,178,332
181.4%
$41,247,419
272.2%
105
$319,820,422
190.6%
175.5%
Principal Reduction Program (PRP)
% Growth Rate Year Over Year
Transition Assistance Program (TAP)
% Growth Rate Year Over Year
2012
163.6%
Unemployment Mortgage Assistance (UMA)
% Growth Rate Year Over Year
Mortgage Reinstatement Assistance Program
(MRAP)
% Growth Rate Year Over Year
33,342
Cumulative Assistance
Provided
$158,436,780
384.1%
$468,000
$1,811,527
387.1%
The principal reduction program (PRP) showed a marked improvement in the following key areas:

The PRP application pipeline continues to show improvement due to increased servicer
participation relative to the program’s new loan recast utility, which enables homeowners, in
certain circumstances, to have their principal reduced without a formal loan modification. The
homeowner still must have an affordable payment at the end of the process, but is not forced
to go through a separate/dual modification process with their servicer.
o Of the 479 approved PRP transactions for the quarter, 312 were loan recast transactions
comprising 65% of the total approved PRP transactions for the quarter.
 For the quarter, approved PRP transactions (includes both Recast and Modification) showed a
reduction of the median property loan-to-value from 149% to 108%. The median monthly
payment was reduced from $1,583 to $1,224; an almost 23% reduction. The median
homeowner debt to income ratio was reduced from 39% to 31%.
The following text describes the performance of each of the two PRP utilities – PRP Recast and PRP
Modification. Because these two utilities are subsets of the total PRP transactions reported in the
Quarterly Performance Data Report, the data shown for these utilities is different than that shown in the
Report.
 PRP Recast
o For the quarter, approved PRP transactions involving a loan recast experienced a
reduction of the median property loan-to-value from 148% to 105%. The median
monthly payment was reduced from $1,420 to $1,148; an almost a 21% reduction. The
median assistance provided to the homeowner was $77,000. The median homeowner
debt to income ratio was reduced from 36% to 29%.
 PRP Modification
o For the quarter, approved PRP transactions involving a loan modification experienced a
reduction of the median property loan-to-value from 153% to 115%. The median
monthly payment was also reduced from $1,808 to $1,401; an almost a 23% reduction.
The median assistance provided to the homeowner was $42,899. The median
homeowner debt to income ratio was reduced from 43% to 31%. One hundred twenty
six (126) of the one hundred sixty seven (167) PRP modification transactions (i.e., 75%
of the total) are HAMP loans which included KYHC assistance. HAMP modifications
have higher loan-to-value and debt to income requirements as compared to KYHC,
and, therefore, limit the KYHC assistance that can be provided.
2
Additional areas of interest:
 Program administration expenses, as a percentage of benefit assistance dollars provided for the
quarter and from program inception, were 9.0% and 13.2% respectively. The program
administration expense ratio is expected to continue to decrease (improve) over time because
the majority of the costs associated to build the program have been invested and the amount
of benefit assistance dollars provided will continue to increase. CalHFA MAC’s overall, targeted
administrative budget for the program is 7.5%.
 Unique homeowners receiving assistance in the quarter and from program inception were 3,433
and 33,342, respectively. As a result of significant growth in the PRP and MRAP pipelines and
the current joint marketing effort between CalHFA MAC and the state of California’s
Employment Development Department (EDD) for the UMA program, the total number of
homeowners receiving assistance is expected to increase in Q1 2014 over Q4 2013 results.
 UMA approved applicants for the quarter and from program inception were 2,819 and 27,315,
respectively. Program to date, twenty one (21) percent of UMA homeowners ended their
assistance as a result of becoming re-employed.
o The percentage of homeowners who ended their UMA assistance as a result of
becoming re-employed for the quarter decreased slightly to 28.6%. Almost ten
percent (9.9%) of the homeowners who became re-employed did so between the ninth
and twelfth months of unemployment. This early indicator supports U.S. Treasury’s
approval of CalHFA MAC’s recommendation to extend UMA benefit assistance from 9
to 12 months.
 MRAP approved applicants for the quarter and from program inception were 568 and 4,806,
respectively. Servicers continue to be challenged to develop a standard process to combine
HHF assistance with the large variety of investor-approved loan modification programs.
CalHFA MAC continues its efforts to work with servicers to develop a streamlined process that
can be adopted by all servicers.
 Overall, ninety nine (99) percent, ninety eight (98) percent and ninety three (93) percent of the
homeowners still own their homes 6, 12 and 24 months after receiving KYHC assistance,
respectively. Of the three hundred three (303) homeowners that were determined as no longer
owning their homes after 24 months of receiving KYHC assistance, one hundred (100) were due
to a sale, one hundred thirty eight (138) were due to a short sale and seventeen (17) were due
to foreclosure. KYHC recovered $1,028,105.28 or 30% of total assistance provided to the
homeowners that no longer remained in their home 24 months after receiving assistance.
 Seventy six (76) percent of homeowners who received KYHC benefits since program inception
are below eighty (80) percent of the area median income (AMI) for their county of residence.
3
As of the date of this report, a total of one hundred seventy (170) servicers are participating in the KYHC
program, with all servicers currently participating in UMA, one hundred sixty eight (168) participating in
MRAP, one hundred sixteen (116) participating in PRP, one hundred eleven (111) participating in TAP ,
and ninety one (91) participating in all KYHC programs.
The following tables provide summaries of the statistical reporting data for U.S. Treasury including
explanations of trends and program results.
Homeowners Assisted by Program
Through December 31, 2013, thirty three thousand three hundred forty two (33,342) unique
homeowners have received assistance from KYHC. Two thousand one hundred thirty nine (2,139)
homeowners have received secondary assistance from KYHC including one thousand four hundred one
(1,401) homeowners that received additional UMA program assistance, and seven hundred thirty eight
(738) homeowners who received assistance from a second KYHC program. A breakdown by program of
homeowners assisted, assistance provided to date and remaining assistance committed is illustrated in
the following chart.
Program
Homeowners
Unemployment Mortgage Assistance (UMA)
Assistance
Provided To
Date
Remaining
Commitment*
27,315
$319,820,422
$79,459,536
Mortgage Reinstatement Assistance Program (MRAP)
4,806
$63,178,332
$0
Principal Reduction Program (PRP)
2,859
$158,436,780
$0
472
$1,811,527
$0
29
$421,862
$0
35,481
$543,668,924
$79,459,536
Transition Assistance Program (TAP)
Community Second Mortgage Principal Reduction Program
Total
* Remaining Commitment consists of scheduled assistance to homeowners contingent on homeowner
remaining unemployed.
Included in the amounts shown above, are approved homeowner transactions whose assistance was
temporarily suspended by KYHC. An example of an approved but temporarily suspended transaction is a
loan that is service transferred before the assistance has been paid to the original servicer. These
transactions require special review and handling while the new servicer information is obtained. As of
December 31, 2013, sixty two (62) homeowners had their assistance temporarily suspended, all of which
were for the UMA program and totaling $709,225.06.
4
Withdrawn Applications (1)
As of December 31, 2013, thirty seven thousand three hundred sixty (37,360) homeowners were
reported as withdrawn.
Program
Count
Unemployment Mortgage Assistance (UMA)
13,663
Mortgage Reinstatement Assistance Program (MRAP)
15,254
Principal Reduction Program (PRP)
8,113
Transition Assistance Program (TAP)
330
Community Second Mortgage Principal Reduction Program
Total
0
37,360
(1) There are two types of withdrawn applications; active and passive. An active withdrawal is when a
homeowner or servicer actively withdraws the request for program assistance or the homeowner
refuses to sign CalHFA MAC or servicer’s required documents. A passive withdrawal is when the
homeowner fails to provide some or any of the required documents within the allowed timeframe and is
non-responsive to KYHC attempts to collect the required documents.
In Process Homeowners
As of December 31, 2013, a total of 7,525 homeowners were in the active pipeline, pending program
eligibility determination, for one of the four KYHC programs. A breakdown by program of homeowners
“In Process” is provided in the following chart.
Program
Count
% of Pipeline
Unemployment Mortgage Assistance (UMA)
2,037
27.1%
Mortgage Reinstatement Assistance Program (MRAP)
3,249
43.2%
Principal Reduction Program (PRP)
2,119
28.2%
120
1.6%
0
0.0%
7,525
100.0%
Transition Assistance Program (TAP)
Community Second Mortgage Principal Reduction Program
Total
5
Transaction Processing Time
The chart below reflects the quarter ending December 31, 2013 and program-to-date transaction
processing times (in days) for each program. The median processing time increased from the prior
quarter for all programs as a result of a CalHFA MAC policy change which extended the days within
which homeowners can provide documentation to determine program eligibility. The median days to
process MRAP and PRP transactions is extended greatly when assistance is combined with a loan
modification. These transactions require the homeowner to complete their trial payment plan period,
which typically adds three to four months to the processing period, before MRAP/PRP funds can be
disbursed to the servicer.
CalHFA MAC continually monitors processing time performance to ensure that homeowners obtain the
assistance they need in a timely manner.
Current
Quarter
Program
Program To
Date
Unemployment Mortgage Assistance (UMA)
41
38
Mortgage Reinstatement Assistance Program (MRAP)
74
67
Principal Reduction Program (PRP)
70
110
Transition Assistance Program (TAP)
64
56
Community Second Mortgage Principal Reduction Program
65
108
Weighted Average Median Processing Time
50
48
* MRAP and PRP transactions when combined with a formal loan modification have an
elongated processing timeframe. KYHC funds are disbursed to the servicer after the
homeowner has successfully completed their trial payment plan and are ready to convert
to their permanent modification.
6
Scheduled Assistance Disbursements
The following charts show the scheduled disbursements of assistance for the UMA and PRP programs,
respectively.
Unemployment Mortgage Assistance (UMA)
Period
Program to Date (a)
Principal Reduction Program (PRP)
Amount
Period
Program to Date (a)
January 2014
$319,820,422
$12,555,305
February 2014
$10,806,816
2014 - Q1 (Note 1)
March 2014
$10,024,385
Amount
$158,357,840
$78,940
April 2014
$9,475,292
May 2014
$8,714,381
June 2014
$7,652,193
(a) Assistance disbursed as of December 31, 2013
July 2014
$6,566,182
(b) Assistance reported on Quarterly UST report
August 2014
$5,332,935
September 2014
$4,167,636
October 2014
$2,646,096
November 2014
$1,518,315
Program Total (b)
Program Total (b)
$399,279,958
(a) Assistance disbursed as of December 31, 2013 Quarterly UST Report amount
(b) Total assistance committed on approved
transactions
(Note 1) PRP assistance for three (3) homeowners is scheduled for future disbursement.
7
$158,436,780
This document describes the Housing Finance Agency (HFA) Hardest-Hit Fund (HHF) data
that state HFAs are required to provide to Bank of New York Mellon. It includes quarterly
borrower characteristic data and program specific performance data. All HFA HHF data
submitted to Bank of New York Mellon must be accurate, complete, and in agreement with
retained HFA records. Data should be reported by each state HFA by the 15th of the month
following the quarter.
Data requested in the "Borrower Characteristic" worksheet should be reported in aggregate
for all HHF programs run by the state HFA. Program specific data is separated into reporting
tabs for each individual program. State HFAs should report program performance data on an
individual program basis. A data dictionary has been provided to assist in the definition of
each data point.
Report Quarter: December 31, 2013
Amended
Template Version Date: October 2013
California
HFA Performance Data Reporting- Borrower Characteristics
12/31/2013
QTD
Cumulative
3,433
2,570
3,664
6,785
16,452
33,342
23,276
24,072
N/A
87,475
$75,041,678.66
$6,750,878.27
$543,668,924.28
$71,744,117.70
3.44%
10.49%
19.46%
66.62%
3.09%
9.01%
18.30%
69.61%
2.6%
5.0%
5.7%
6.5%
6.6%
73.6%
2.5%
4.2%
4.7%
5.5%
6.7%
76.4%
96
0
5
10
8
0
106
1
20
120
4
6
35
0
66
19
4
2
757
16
14
1
3
18
0
1
29
12
7
1,123
1
55
152
65
20
1,147
7
229
981
14
53
208
11
638
113
69
14
6,846
167
121
12
25
221
2
5
200
110
118
Unique Borrower Count
Number of Unique Borrowers Receiving Assistance
Number of Unique Borrowers Denied Assistance
Number of Unique Borrowers Withdrawn from Program
Number of Unique Borrowers in Process
Total Number of Unique Borrower Applicants
Program Expenditures ($)
Total Assistance Provided to Date
Total Spent on Administrative Support, Outreach, and Counseling
Borrower Income ($)
Above $90,000
$70,000- $89,000
$50,000- $69,000
Below $50,000
Borrower Income as Percent of Area Median Income (AMI)
Above 120%
110%- 119%
100%- 109%
90%- 99%
80%- 89%
Below 80%
Geographic Breakdown (by county)
Alameda
Alpine
Amador
Butte
Calaveras
Colusa
Contra Costa
Del Norte
El Dorado
Fresno
Glenn
Humboldt
Imperial
Inyo
Kern
Kings
Lake
Lassen
Los Angeles
Madera
Marin
Mariposa
Mendocino
Merced
Modoc
Mono
Monterey
Napa
Nevada
California
HFA Performance Data Reporting- Borrower Characteristics
12/31/2013
Orange
Placer
Plumas
Riverside
Sacramento
San Benito
San Bernardino
San Diego
San Francisco
San Joaquin
San Luis Obispo
San Mateo
Santa Barbara
Santa Clara
Santa Cruz
Shasta
Sierra
Siskiyou
Solano
Sonoma
Stanislaus
Sutter
Tehama
Trinity
Tulare
Tuolumne
Ventura
Yolo
Yuba
QTD
Cumulative
198
37
5
376
199
6
318
291
13
90
9
30
22
99
12
14
0
3
56
24
69
6
3
0
52
1
122
11
7
2,014
569
17
3,444
2,281
51
2,834
2,798
177
1,015
139
290
194
944
154
175
4
26
590
351
651
106
25
5
437
62
986
178
98
28
277
408
23
2,229
468
190
2,248
3,099
298
18,566
8,941
1,182
1,861
390
9,067
17,131
7,144
1,745
1,657
31
17,052
15,023
1,267
8
132
114
24
951
348
77
1,133
786
212
8,048
5,145
Home Mortgage Disclosure Act (HMDA)
Borrower
Race
American Indian or Alaskan Native
Asian
Black or African American
Native Hawaiian or other Pacific Islander
White
Information Not Provided by Borrower
Ethnicity
Hispanic or Latino
Not Hispanic or Latino
Information Not Provided by Borrower
Sex
Male
Female
Information Not Provided by Borrower
Co-Borrower
Race
American Indian or Alaskan Native
Asian
Black or African American
Native Hawaiian or other Pacific Islander
White
Information Not Provided by Borrower
California
HFA Performance Data Reporting- Borrower Characteristics
12/31/2013
Ethnicity
Hispanic or Latino
Not Hispanic or Latino
Information Not Provided by Borrower
Sex
Male
Female
Information Not Provided by Borrower
QTD
Cumulative
521
745
311
4,219
6,917
4,265
578
893
106
5,574
8,283
1,544
2,415
561
46
75
61
275
25,780
3,933
253
523
406
2,447
61.4%
7.4%
6.6%
24.6%
45.0%
9.6%
8.2%
37.2%
61.2%
14.1%
8.6%
7.2%
9.0%
44.5%
17.8%
12.8%
9.0%
15.8%
62.9%
7.8%
5.9%
23.4%
65.6%
7.5%
5.8%
21.1%
818
801
607
617
590
7,973
6,950
5,162
8,968
4,289
Hardship
Unemployment
Underemployment
Divorce
Medical Condition
Death
Other
Current Loan to Value Ratio (LTV)
<100%
100%-109%
110%-120%
>120%
Current Combined Loan to Value Ratio (CLTV)
<100%
100%-119%
120%-139%
140%-159%
>=160%
Delinquency Status (%)
Current
30+
60+
90+
Household Size
1
2
3
4
5+
* The Geographic Breakdown, Hardship Information, HMDA fields as well as Median Household Size should be
reported in whole number format. All other Borrower Characteristics fields should be reported as %.
** Since applications marked as denied or withdrawn in previous quarters may be reconsidered due to a change in
borrower circumstances, some unique borrower counts may not sum in a quarter-over-quarter fashion.
*** Total Assistance Provided for the quarter ending December 31, 2013 excludes $5,496,126.92 of in-transit funds
that were approved to disburse in the prior reporting quarter but were scheduled to disburse in the first week of this
reporting quarter.
California
HFA Performance Data Reporting- Program Performance
Unemployment Mortgage Assistance Program
12/31/2013
QTD
Cumulative
2,819
44.1%
27,315
54.6%
288
4.5%
6,970
13.9%
1,245
19.5%
13,663
27.3%
2,037
31.9%
N/A
N/A
6,389
49,985
104
560
$1,557.38
$0.00
$0.00
N/A
$245,044.97
N/A
$0.00
N/A
$1,581.51
$0.00
$0.00
N/A
$249,907.77
N/A
$0.00
N/A
N/A
N/A
$3,043.06
N/A
9
$11,237.14
$37,925,952.45
N/A
N/A
N/A
$319,820,421.88
N/A
N/A
N/A
41
38
2,278
80.8%
22,157
81.1%
165
5.9%
1,666
6.1%
105
3.7%
1,024
3.7%
271
9.6%
2,468
9.0%
Program Intake/Evaluation
Approved
Number of Applications Approved
% of Total Number of Applications
Denied
Number of Applications Denied
% of Total Number of Applications
Withdrawn
Number of Applications Withdrawn
% of Total Number of Applications
In Process
Number of Applications In Process
% of Total Number of Applications
Total
Total Number of Applications Received
Number of Borrowers Participating in Other HFA HHF Programs or Program
Components
Program Characteristics
General Characteristics
Median 1st Lien Housing Payment Before Assistance
Median 1st Lien Housing Payment After Assistance
Median 2nd Lien Housing Payment Before Assistance
Median 2nd Lien Housing Payment After Assistance
Median 1st Lien UPB Before Program Entry
Median 1st Lien UPB After Program Entry
Median 2nd Lien UPB Before Program Entry
Median 2nd Lien UPB After Program Entry
Median Principal Forgiveness1
Median Length of time Borrower Receives Assistance
Median Assistance Amount
Assistance Characteristics
Assistance Provided to Date
Total Lender/Servicer Assistance Amount
Lender/Servicer Match (%)
Median Lender/Servicer Assistance per Borrower
Other Characteristics
Median Length of Time from Initial Request to Assistance Granted
Current
Number
%
Delinquent (30+)
Number
%
Delinquent (60+)
Number
%
Delinquent (90+)
Number
%
Program Outcomes
California
HFA Performance Data Reporting- Program Performance
Unemployment Mortgage Assistance Program
12/31/2013
QTD
Cumulative
2,419
20,003
0
0.0%
0
0.0%
106
4.4%
1,127
5.6%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
693
28.6%
4,091
20.5%
0
0.0%
0
0.0%
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1,620
67.0%
14,785
73.9%
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
21,358
99.2%
16,854
98.1%
3,281
92.4%
97
0.5%
Intake/Evaluation
Program Outcomes
Borrowers No Longer in the HHF Program (Program Completion/Transition or
Alternative Outcomes)
Alternative Outcomes
Foreclosure Sale
Number
%
Cancelled
Number
%
Deed in Lieu
Number
%
Short Sale
Number
%
Program Completion/ Transition
Loan Modification Program
Number
%
Re-employed/ Regain Appropriate Employment Level
Number
%
Reinstatement/Current/Payoff
Number
%
Short Sale
Number
%
Deed in Lieu
Number
%
Other - Borrower Still Owns Home
Number
%
Homeownership Retention2
Six Months Number
Six Months %
Twelve Months Number
Twelve Months %
Twenty-four Months Number
Twenty-four Months %
Unreachable Number
Unreachable %
1. Includes second mortgage settlement
2. Borrower still owns home
Statistics are based on number of Approved Applications
Program Outcome results may not carryforward from prior quarter report due to reclassification of outcome based on additional information
received and continued improvement in data collection processes.
Total Assistance Provided for the quarter ending December 31, 2013 excludes $592,675.19 of in-transit funds that were approved to
disburse in the prior reporting quarter but wer scheduled to disburse in the first week of this reporting quarter.
California
HFA Performance Data Reporting- Program Performance
Principal Reduction Program
12/31/2013
QTD
Cumulative
479
8.0%
2,859
11.4%
2,007
33.4%
11,994
47.8%
1,412
23.5%
8,113
32.3%
2,119
35.2%
N/A
N/A
6,017
25,085
5
17
$1,582.72
$1,223.54
$0.00
N/A
$263,438.77
$206,385.38
$0.00
N/A
$1,834.72
$1,431.38
$0.00
N/A
$300,400.27
$233,599.75
$0.00
N/A
$76,000.00
N/A
$63,069.83
$79,000.00
N/A
$50,000.00
$28,922,764.88
$6,394,547.71
26.3%
$40,414.43
$158,436,780.46
$72,772,043.65
43.4%
$44,422.52
70
110
217
45.3%
1,308
45.8%
34
7.1%
223
7.8%
40
8.4%
208
7.3%
188
39.2%
1,120
39.2%
Program Intake/Evaluation
Approved
Number of Applications Approved
% of Total Number of Applications
Denied
Number of Applications Denied
% of Total Number of Applications
Withdrawn
Number of Applications Withdrawn
% of Total Number of Applications
In Process
Number of Applications In Process
% of Total Number of Applications
Total
Total Number of Applications Received
Number of Borrowers Participating in Other HFA HHF Programs or Program
Components
Program Characteristics
General Characteristics
Median 1st Lien Housing Payment Before Assistance
Median 1st Lien Housing Payment After Assistance
Median 2nd Lien Housing Payment Before Assistance
Median 2nd Lien Housing Payment After Assistance
Median 1st Lien UPB Before Program Entry
Median 1st Lien UPB After Program Entry
Median 2nd Lien UPB Before Program Entry
Median 2nd Lien UPB After Program Entry
Median Principal Forgiveness1
Median Length of Time Borrower Receives Assistance
Median Assistance Amount
Assistance Characteristics
Assistance Provided to Date
Total Lender/Servicer Assistance Amount
Borrowers Receiving Lender/Servicer Match (%)
Median Lender/Servicer Assistance per Borrower
Other Characteristics
Median Length of Time from Initial Request to Assistance Granted
Current
Number
%
Delinquent (30+)
Number
%
Delinquent (60+)
Number
%
Delinquent (90+)
Number
%
Program Outcomes
California
HFA Performance Data Reporting- Program Performance
Principal Reduction Program
12/31/2013
QTD
Cumulative
479
2,859
0
0.0%
0
0.0%
6
1.3%
73
2.6%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
167
34.9%
1,695
59.3%
N/A
N/A
N/A
N/A
306
63.9%
1,091
38.2%
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0
0.0%
0
0.0%
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1,693
99.1%
916
97.4%
156
94.0%
13
0.8%
Intake/Evaluation
Program Outcomes
Borrowers No Longer in the HHF Program (Program Completion/Transition or
Alternative Outcomes)
Alternative Outcomes
Foreclosure Sale
Number
%
Cancelled
Number
%
Deed in Lieu
Number
%
Short Sale
Number
%
Program Completion/ Transition
Loan Modification Program
Number
%
Re-employed/ Regain Appropriate Employment Level
Number
%
Reinstatement/Current/Payoff
Number
%
Short Sale
Number
%
Deed in Lieu
Number
%
Other - Borrower Still Owns Home
Number
%
Homeownership Retention2
Six Months Number
Six Months %
Twelve Months Number
Twelve Months %
Twenty-four Months Number
Twenty-four Months %
Unreachable Number
Unreachable %
1. Includes second mortgage settlement
2. Borrower still owns home
Statistics are based on number of Approved Applications
Program Outcome results may not carryforward from prior quarter report due to reclassification of outcome based on additional information
received and continued improvement in data collection processes.
Total Assistance Provided for the quarter ending December 31, 2013 excludes $4,192,613.16 of in-transit funds that were approved
to disburse in the prior reporting quarter but were scheduled to disburse in the first week of this reporting quarter.
California
HFA Performance Data Reporting- Program Performance
Mortgage Reinstatement Assistance Program
12/31/2013
QTD
Cumulative
568
8.1%
4,806
13.0%
1,019
14.5%
13,577
36.8%
2,198
31.2%
15,254
41.4%
3,249
46.2%
N/A
N/A
7,034
36,886
42
154
$1,390.79
N/A
$0.00
N/A
$237,262.28
N/A
$0.00
N/A
$1,416.87
N/A
$0.00
N/A
$240,012.25
N/A
$0.00
N/A
N/A
N/A
$13,325.48
N/A
N/A
$12,161.85
$7,871,613.45
$0.00
0%
$0.00
$63,178,332.40
$0.00
0%
$0.00
74
67
0
0.0%
21
0.4%
101
17.8%
705
14.7%
76
13.4%
787
16.4%
391
68.8%
3,293
68.5%
Program Intake/Evaluation
Approved
Number of Applications Approved
% of Total Number of Applications
Denied
Number of Applications Denied
% of Total Number of Applications
Withdrawn
Number of Applications Withdrawn
% of Total Number of Applications
In Process
Number of Applications In Process
% of Total Number of Applications
Total
Total Number of Applications Received
Number of Borrowers Participating in Other HFA HHF Programs or Program
Components
Program Characteristics
General Characteristics
Median 1st Lien Housing Payment Before Assistance
Median 1st Lien Housing Payment After Assistance
Median 2nd Lien Housing Payment Before Assistance
Median 2nd Lien Housing Payment After Assistance
Median 1st Lien UPB Before Program Entry
Median 1st Lien UPB After Program Entry
Median 2nd Lien UPB Before Program Entry
Median 2nd Lien UPB After Program Entry
Median Principal Forgiveness1
Median Length of time Borrower Receives Assistance
Median Assistance Amount
Assistance Characteristics
Assistance Provided to Date
Total Lender/Servicer Assistance Amount
Borrowers Receiving Lender/Servicer Match (%)
Median Lender/Servicer Assistance per Borrower
Other Characteristics
Median Length of Time from Initial Request to Assistance Granted
Current
Number
%
Delinquent (30+)
Number
%
Delinquent (60+)
Number
%
Delinquent (90+)
Number
%
Program Outcomes
California
HFA Performance Data Reporting- Program Performance
Mortgage Reinstatement Assistance Program
Intake/Evaluation
Program Outcomes
Borrowers No Longer in the HHF Program (Program Completion/Transition or
Alternative Outcomes)
Alternative Outcomes
Foreclosure Sale
Number
%
Cancelled
Number
%
Deed in Lieu
Number
%
Short Sale
Number
%
12/31/2013
QTD
Cumulative
568
4,806
0
0.0%
0
0.0%
2
0.4%
36
0.7%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
23
4.0%
169
3.5%
N/A
N/A
N/A
N/A
543
95.6%
4,601
95.7%
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0
0.0%
0
0.0%
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
3,666
99.2%
2,685
98.0%
591
94.4%
20
0.5%
Program Completion/ Transition
Loan Modification Program
Number
%
Re-employed/ Regain Appropriate Employment Level
Number
%
Reinstatement/Current/Payoff
Number
%
Short Sale
Number
%
Deed in Lieu
Number
%
Other - Borrower Still Owns Home
Number
%
Homeownership Retention2
Six Months Number
Six Months %
Twelve Months Number
Twelve Months %
Twenty-four Months Number
Twenty-four Months %
Unreachable Number
Unreachable %
1. Includes second mortgage settlement
2. Borrower still owns home
Statistics are based on number of Approved Applications
Program Outcome results may not carryforward from prior quarter report due to reclassification of outcome based on additional information
received and continued improvement in data collection processes.
Total Assistance Provided for the quarter ending December 31, 2013 excludes $691,738.57 of in-transit funds that were approved to
disburse in the prior reporting quarter but were scheduled to disburse in the first week of this reporting quarter.
California
HFA Performance Data Reporting- Program Performance
Transition Assistance Program
12/31/2013
QTD
Cumulative
85
26.2%
472
39.5%
54
16.6%
273
22.8%
66
20.3%
330
27.6%
120
36.9%
N/A
N/A
325
1,195
0
0
$1,701.73
N/A
$0.00
N/A
$301,557.00
N/A
$0.00
N/A
$1,892.03
N/A
$0.00
N/A
$316,030.19
N/A
$0.00
N/A
N/A
N/A
$2,000.00
N/A
N/A
$5,000.00
$285,750.00
N/A
N/A
N/A
$1,811,527.13
N/A
N/A
N/A
64
56
8
9.4%
19
4.0%
4
4.7%
13
2.8%
1
1.2%
10
2.1%
72
84.7%
430
91.1%
Program Intake/Evaluation
Approved
Number of Applications Approved
% of Total Number of Applications
Denied
Number of Applications Denied
% of Total Number of Applications
Withdrawn
Number of Applications Withdrawn
% of Total Number of Applications
In Process
Number of Applications In Process
% of Total Number of Applications
Total
Total Number of Applications Received
Number of Borrowers Participating in Other HFA HHF Programs or Program
Components
Program Characteristics
General Characteristics
Median 1st Lien Housing Payment Before Assistance
Median 1st Lien Housing Payment After Assistance
Median 2nd Lien Housing Payment Before Assistance
Median 2nd Lien Housing Payment After Assistance
Median 1st Lien UPB Before Program Entry
Median 1st Lien UPB After Program Entry
Median 2nd Lien UPB Before Program Entry
Median 2nd Lien UPB After Program Entry
Median Principal Forgiveness1
Median Length of time Borrower Receives Assistance
Median Assistance Amount
Assistance Characteristics
Assistance Provided to Date
Total Lender/Servicer Assistance Amount
Lender/Servicer Match (%)
Median Lender/Servicer Assistance per Borrower
Other Characteristics
Median Length of Time from Initial Request to Assistance Granted
Current
Number
%
Delinquent (30+)
Number
%
Delinquent (60+)
Number
%
Delinquent (90+)
Number
%
Program Outcomes
California
HFA Performance Data Reporting- Program Performance
Transition Assistance Program
12/31/2013
QTD
Cumulative
85
472
0
0.0%
0
0.0%
0
0.0%
0
0.0%
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
85
100.0%
470
99.6%
0
0.0%
2
0.4%
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Intake/Evaluation
Program Outcomes
Borrowers No Longer in the HHF Program (Program Completion/Transition or
Alternative Outcomes)
Alternative Outcomes
Foreclosure Sale
Number
%
Cancelled
Number
%
Deed in Lieu
Number
%
Short Sale
Number
%
Program Completion/ Transition
Loan Modification Program
Number
%
Re-employed/ Regain Appropriate Employment Level
Number
%
Reinstatement/Current/Payoff
Number
%
Short Sale
Number
%
Deed in Lieu
Number
%
Other - Borrower Still Owns Home
Number
%
Homeownership Retention2
Six Months Number
Six Months %
Twelve Months Number
Twelve Months %
Twenty-four Months Number
Twenty-four Months %
Unreachable Number
Unreachable %
1. Includes second mortgage settlement
2. Borrower still owns home
Statistics are based on number of Approved Applications
Program Outcome results may not carryforward from prior quarter report due to reclassification of outcome based on additional information
received and continued improvement in data collection processes.
Total Assistance Provided for the quarter ending December 31, 2013 excludes $19,000.00 of in-transit funds that were approved to
disburse in the prior reporting quarter but were scheduled to disburse in the first week of this reporting quarter.
California
HHF Performance Data Reporting- Program Performance
Community Subordinated Lien Principal Reduction Program
12/31/2013
QTD
Cumulative
2
33.3%
29
80.6%
1
16.7%
4
11.1%
0
0.0%
0
0.0%
3
50.0%
N/A
N/A
6
36
0
0
$1,333.88
N/A
$388.37
$0.00
$199,070.88
N/A
$54,055.38
$9,557.50
$1,583.76
N/A
$213.00
$0.00
$198,945.76
N/A
$68,349.00
$30,162.00
$44,497.88
N/A
$17,798.94
$25,831.00
N/A
$9,073.00
$35,597.88
$53,397.88
100%
$26,698.94
$421,862.41
$737,334.04
100%
$16,758.00
65
108
2
100.0%
26
89.7%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
3
10.3%
Program Intake/Evaluation
Approved
Number of Applications Approved
% of Total Number of Applications
Denied
Number of Applications Denied
% of Total Number of Applications
Withdrawn
Number of Applications Withdrawn
% of Total Number of Applications
In Process
Number of Applications In Process
% of Total Number of Applications
Total
Total Number of Applications Received
Number of Borrowers Participating in Other HFA HHF Programs or Program
Components
Program Characteristics
General Characteristics
Median 1st Lien Housing Payment Before Assistance
Median 1st Lien Housing Payment After Assistance
Median 2nd Lien Housing Payment Before Assistance
Median 2nd Lien Housing Payment After Assistance
Median 1st Lien UPB Before Program Entry
Median 1st Lien UPB After Program Entry
Median 2nd Lien UPB Before Program Entry
Median 2nd Lien UPB After Program Entry
Median Principal Forgiveness1
Median Length of time Borrower Receives Assistance
Median Assistance Amount
Assistance Characteristics
Assistance Provided to Date
Total Lender/Servicer Assistance Amount
Borrowers Receiving Lender/Servicer Match (%)
Median Lender/Servicer Assistance per Borrower
Other Characteristics
Median Length of Time from Initial Request to Assistance Granted
Current
Number
%
Delinquent (30+)
Number
%
Delinquent (60+)
Number
%
Delinquent (90+)
Number
%
Program Outcomes
California
HHF Performance Data Reporting- Program Performance
Community Subordinated Lien Principal Reduction Program
Program Intake/Evaluation
Outcomes
Borrowers No Longer in the HHF Program (Program Completion/Transition or
Alternative Outcomes)
Alternative Outcomes
Foreclosure Sale
Number
%
Cancelled
Number
%
Deed in Lieu
Number
%
Short Sale
Number
%
12/31/2013
QTD
Cumulative
2
29
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
N/A
N/A
N/A
N/A
2
100.0%
29
100.0%
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0
0.0%
0
0.0%
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
25
100.0%
22.00
100.0%
2.00
100.0%
0
0.0%
Program Completion/ Transition
Loan Modification Program
Number
%
Re-employed/ Regain Appropriate Employment Level
Number
%
Reinstatement/Current/Payoff
Number
%
Short Sale
Number
%
Deed in Lieu
Number
%
Other - Borrower Still Owns Home
Number
%
Homeownership Retention2
Six Months Number
Six Months %
Twelve Months Number
Twelve Months %
Twenty-four Months Number
Twenty-four Months %
Unreachable Number
Unreachable %
1. Includes second mortgage settlement
2. Borrower still owns home
Statistics are based on number of Approved Applications
Program Outcome results may not carryforward from prior quarter report due to reclassification of outcome based on additional information
received and continued improvement in data collection processes.
Data Dictionary
HFA Performance Data Reporting- Borrower Characteristics
The Following Data Points Are To Be Reported In Aggregate For All Programs:
Unique Borrower Count
Number of Unique Borrowers Receiving Assistance
Number of Unique Borrowers Denied Assistance
Total number of unique borrowers having received some form of
assistance under any one of the HFA's programs. The number of
borrowers represented in the other "Borrower Characteristics" fields
should foot to this number.
Total number of unique borrowers not receiving assistance under any of
the programs and not withdrawn
Number of Unique Borrowers in Process
Total number of unique borrowers who do not receive assistance under
any program because of voluntary withdrawal after approval or failure to
complete application despite attempts by the HFA
Totoal number of unique borrowers who have not been decisioned for
any program and are pending review. This should be reported in the QTD
column only.
Total Number of Unique Applicants
Total number of unique borrowers. This should be the total of the four
above fields (using the QTD column for in process borrowers).
Number of Unique Borrowers Withdrawn from Program
Program Expenditures
Total Assistance Provided to Date
Total amount of assistance provided to borrowers through HHF program
(s)
Total Spent on Administrative Support, Outreach, and Counseling
Total amount spent on administrative expenses to support the program(s)
Borrower Income
All Categories
At the time of assistance, borrower's annual income ($) rounded to the
nearest thousand.
Borrower Income as Percent of Area Median Income (AMI)
All Categories
At the time of assistance, borrower's annual income as a percentage of
area median income.
Geographic Breakdown (by County)
All Categories
Number of aggregate borrowers assisted in each county listed.
Home Mortgage Disclosure Act (HMDA)
Borrower
Race
All Categories
Ethnicity
All Categories
Sex
All Categories
Race
All Categories
Ethnicity
All Categories
Sex
All Categories
All totals for the aggregate number of borrowers assisted.
All totals for the aggregate number of borrowers assisted.
All totals for the aggregate number of borrowers assisted.
Co-Borrower
All totals for the aggregate number of borrowers assisted.
All totals for the aggregate number of borrowers assisted.
All totals for the aggregate number of borrowers assisted.
Hardship
All Categories
All totals for the aggregate number of borrowers assisted.
Current Loan to Value Ratio (LTV)
All Categories
Market loan to value ratio calculated using the unpaid principal balance at
the time of assistance divided by the most current valuation at the time of
assistance.
Current Combined Loan to Value Ratio (CLTV)
All Categories
Market combined loan to value ratio calculated using the unpaid principal
balance for all first and junior liens at the time of assistance divided by the
most current valuation at the time of assistance.
Delinquency Status (%)
All Categories
Household Size
Delinquency status at the time of assistance.
All Categories
Household size at the time of assistance.
HFA Performance Data Reporting- Program Performance
The Following Data Points Are To Be Reported In Aggregate For All Programs
Program Intake/Evaluation
Approved
Number of Applications Approved
% of Total Number of Applications
Denied
Number of Applications Denied
% of Total Number of Applications
Withdrawn
Number of Applications Withdrawn
% of Total Number of Applications
In Process
Number of Applications In Process
% of Total Number of Applications
Total
Total Number of Applications Received
Number of Borrowers Participating in Other HFA HHF Programs or
Program Components
The total number of applications approved for assistance for the specific
program
Total number of applications approved for assistance for the specific
program divided by the total number of applications received for the
specific program.
The total number of applications denied for assistance for the specific
program. A borrower that has provided the necessary information for
consideration for program assistance, but is not approved for this
assistance.
Total number of applications denied for assistance for the specific
program divided by the total number of applications received for the
specific program.
The total number of applications withdrawn from the specific program. A
withdrawl is defined as a borrower who was approved but never received
funding, or a borrower who drops out of the process despite attempts by
the HFA to complete application.
Total number of applications for assistance withdrawn for the specific
program divided by the total number of applications received for the
specific program.
The total number of applications for the specific program that have not
been decisioned and are pending review. This should be reported in the
QTD column only.
Total number of applications for the specific program that have not been
decisioned and are pending review divided by the total number of
applications received for the specific program.
Total number of applicantions received for the specific program
(approved, denied, withdrawn and QTD in process).
Number of households participating in other HFA sponsored HHF
programs or other HHF program components.
Program Characteristics
General Characteristics
Median Principal Forgiveness
Median first lien housing payment paid by homeowner for all approved
applicants prior to receiving assistance. In other words, the median
contractual borrower payment on their first lien before receiving
assistance.
Median first lien housing payment paid by homeowner for after receiving
assistance. In other words, the median contractual first lien payment less
HFA contribution.
Median second lien housing payment paid by homeowner for all
approved applicants prior to receiving assistance. In other words, the
median contractual borrower payment on their second lien before
receiving assistance.
Median second lien housing payment paid by homeowner for after
receiving assistance. In other words, the median contractual second lien
payment less HFA contribution.
Median principal balance of all applicants approved for assistance prior to
receiving assistance.
Median principal balance of all applicants approved for assistance after
receiving assistance.
Median second lien principal balance of all applicants approved for
assistance prior to receiving assistance.
Median second lien principal balance of all applicants approved for
assistance after receiving assistance.
Median amount of principal forgiveness granted ($). This should only
include extinguished fees in the event that those fees have been
capitalized. *Includes second lien extinguishment
Median Length of Time Borrower Receives Assistance
Median Assistance Amount
Median length of time a borrower receives on-going assistance (e.g.,
unemployment programs). Please report in months (round up to closest
integer). This only need be reported in the cumulative column.
Median amount of assistance ($).
Median 1st Lien Housing Payment Before Assistance
Median 1st Lien Housing Payment After Assistance
Median 2nd Lien Housing Payment Before Assistance
Median 2nd Lien Housing Payment After Assistance
Median 1st Lien UPB Before Program Entry
Median 1st Lien UPB After Program Entry
Median 2nd Lien UPB Before Program Entry
Median 2nd Lien UPB After Program Entry
Assistance Characteristics
Assistance Provided
Total Lender/Servicer Assistance Amount
Borrowers Receiving Lender/Servicer Match (%)
Median Lender/Servicer Assistance per Borrower
Total amount of aggregate assistance provided by the HFA (does not
include lender matching assistance).
Total amount of aggregate assistance provided by the lenders / servicers
(does not include HFA assistance). Lender waiving fees and / or
forbearance does not count towards lender / servicer assistance.
Percent of borrowers receiving lender/servicer match out of the total
number of assisted applicants.
Median lender/servicer matching amount (for borrowers receiving
matching)
Other Characteristics
Median Length of Time from Initial Request to Assistance Granted
Current
Number
%
Delinquent (30+)
Number
%
Delinquent (60+)
Number
%
Delinquent (90+)
Number
%
Program Outcomes
Borrowers No Longer in the HHF Program (Program
Completion/Transition or Alternative Outcome)
Median length of time from initial contact with borrower (general
eligibility determination) to granted assistance. Please report in days
(round up to closest integer).
Number of households current at the time assistance is received.
Percent of current households divided by the total number of approved
applicants.
Number of households 30+ days delinquent but less than 60 days
delinquent at the time assistance is received.
Percent of 30+ days delinquent but less than 60 days delinquent
households divided by the total number of approved applicants.
Number of households 60+ days delinquent but less than 90 days
delinquent at the time assistance is received.
Percent of 60+ days delinquent but less than 90 Days delinquent
households divided by the total number of approved applicants.
Number of households 90+ Days delinquent at the time assistance is
received.
Percent of 90+ days delinquent households divided by the total number of
approved applicants.
Number of households who are not longer in the HFA program and reach
an alternative outcome or program completion/transition.
Alternative Outcomes
Foreclosure Sale
Number
%
Number of households transitioned out of the HHF program into a
foreclosure sale as an alternative outcome of the program.
Percent of transitioned households that resulted in foreclosure.
Cancelled
Number
%
Deed in Lieu
Number
%
Short Sale
Number
%
Program Completion/ Transition
Number of borrowers who were approved and funded , then were
disqualified or voluntarily withdrew from the program without reemployment or other intended transition.
Percent of transitioned households that were cancelled from the program.
Number of households transitioned out of the HHF program into a deed in
lieu as an alternative outcome of the program.
Percent of transitioned households that resulted in deed in lieu.
Number of households transitioned out of the HHF program into a short
sale as an alternative outcome of the program.
Percent of transitioned households that resulted in short sale.
Loan Modification Program
Number
%
Re-employed/ Regain Appropriate Employment Level
Number
%
Reinstatement/Current/Payoff
Number of households that transitioned into a loan modification program
(such as the Making Home Affordable Program)
Percent of transitioned households entering a loan modification program.
Number of households transitioned out of the program due to regaining
employment and/or appropriate levels of employment.
Percent of transitioned households that resulted in re-employment or
regained employment levels.
Number
%
Short Sale
Number
%
Deed in Lieu
Number
%
Other - Borrower Still Owns Home
Number
%
Number of households transitioned out of the program due to
reinstating/bringing loan current or paying off their mortgage loan.
Percent of transitioned households that resulted in reinstatement/current
or payoff.
Number of households transitioned out of the HHF program into a short
sale as the desired outcome of the program.
Percent of transitioned households that resulted in short sale.
Number of households transitioned out of the HHF program into a deed in
lieu as the desired outcome of the program.
Percent of transitioned households that resulted in a deed in lieu
Number of households transitioned out of the HHF program not falling
into one of the transition categories above, but still maintaining ownership
of the home.
Percent of transitioned households in this category
Homeownership Retention1
Six Months
%
Twelve Months
%
Unreachable
%
Number of households assisted by the program in which the borrower
retains ownership 6 months post receipt of initial assistance.
Percent of households assisted by the program in which the borrower
retains ownership 6 months post receipt of initial assistance divided by the
total number of households assisted by the program 6 months prior to
reporting period.
Number of households assisted by the program in which borrower retains
ownership 12 months post receipt of initial assistance.
Percent of households assisted by the program in which the borrower
retains ownership 12 months post receipt of initial assistance divided by
the total number of households assisted by the program 12 months prior
to reporting period.
Number of homes assisted by the program that are unable to be verified
by any means.
Percent of homes assisted by the Program that are unable to be verified
by any means.
1. Borrower still owns home
* Information should reflect quarterly activity (e.g., borrowers assisted during the reporting quarter)