HAMP Income Calculation Worksheet



HAMP Income Calculation Worksheet

Prepared By:

I. Borrower and Property Information

Loan Number:___________________________________________________

Borrower Name:__________________________________________________

Income Type: Calculation Method:

Borrower: S/E Wage Other YTD Weekly Bi-Wk Semi-Mo Annual

Co-Borrower: S/E Wage Other YTD Weekly Bi-Wk Semi-Mo Annual

Non-Borrower: S/E Wage Other YTD Weekly Bi-Wk Semi-Mo Annual

II. Monthly Income

| |Borrower: |Co-Borrower #1 |Co-Borrower #2 |TOTAL |

|Base Income: |$ |$ |$ |$ |

|Other Income: |$ |$ |$ |$ |

|TOTAL Income: |$ |$ |$ |$ |

III. Detailed Summary of Monthly Income Calculation

| |Borrower |Co-Borrower #1 |Co-Borrower #2 |Verified |Document Used to |Date of Document |

| | | | |(Y/N)? |Verify | |

|Employment: |$ |$ |$ | | | |

|Self-Employment: |$ |$ |$ | | | |

|Social Security: |$ |$ |$ | | | |

|Child Support: |$ |$ |$ | | | |

|Alimony: |$ |$ |$ | | | |

|Pension: |$ |$ |$ | | | |

|Disability: |$ |$ |$ | | | |

|Survivor Benefits: |$ |$ |$ | | | |

|Rental Income: |$ |$ |$ | | | |

|Unemployment: |$ |$ |$ | | | |

|Public Assistance: |$ |$ |$ | | | |

Misc/Other Income (Detail below):

|Source Description |Borrower |Co-Borrower #1 |Co-Borrower #2 |Verified |Document Used to |Date of Document |

| | | | |(Y/N)? |Verify | |

| |$ |$ |$ | | | |

| |$ |$ |$ | | | |

| |$ |$ |$ | | | |

| |$ |$ |$ | | | |

| |$ |$ |$ | | | |

IV. Servicer Explanation of Income Calculation (Please show calculations, assumptions and methodology)

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