How does NPV work?

[MommyBook]

Can anyone point me in the right direction? My personal opinion is that it wouldn't benefit the bank to foreclose, but who am I to know what their thought process is...

[Evan Bedard]

Hi mommybook,

Check out this link:

NVP test guidelines

https://www.hmpadmin.com/portal/docs/npvoverview.pdf

[MommyBook]

Sorry Evan, the link didn't work, but I'll poke around the site.

The requested object does not exist on this server. The link you followed is either outdated, inaccurate, or the server has been instructed not to let you have it.

[ama125]

Originally Posted by MommyBook

Sorry Evan, the link didn't work, but I'll poke around the site.

The requested object does not exist on this server. The link you followed is either outdated, inaccurate, or the server has been instructed not to let you have it.

They recently updated that website some of the older links may have been moved. Here is the current link: https://www.hmpadmin.com/portal/docs...pvoverview.pdf

[ama125]

I have answered lots of questions on this on other threads...
Anyone offered Trial Payment Period?

http://www.loansafe.org/forum/countrywide-home-loans-tell-us-your-countrywide-story/13766-confused-npv.html#post106800

http://www.loansafe.org/forum/countrywide-home-loans-tell-us-your-countrywide-story/13870-please-only-post-articles-official-letters-testimony-rules-regs-moe-perhaps-sticky-order.html#post107874

[MommyBook]

Thanks, I'm digging around the HAMP site now.

[ama125]

Originally Posted by MommyBook

Thanks, I'm digging around the HAMP site now.

My nego tells me the investor will run the NPV test... so, after you've looked over all the info, tell me your opinion. Who should be doing the test? Looks to me like the servicer, not the investor. The investor/lender may be the ones to actually run the calculation, but sure seems like the servicer is the one to submit the loan data and retrieve those results! I wish I worked for BofA so I could have insider details and blow the whistle on them!!!

[MommyBook]

Originally Posted by ama125

My nego tells me the investor will run the NPV test... so, after you've looked over all the info, tell me your opinion. Who should be doing the test? Looks to me like the servicer, not the investor. The investor/lender may be the ones to actually run the calculation, but sure seems like the servicer is the one to submit the loan data and retrieve those results! I wish I worked for BofA so I could have insider details and blow the whistle on them!!!

They have all those worksheets specifically for the servicer (agreements and such) so IMO, it would be the servicer. Although I'm not sure if I'm comfortable with BOFA providing the opinion...they'd probably say they did the NPV and it's worth it to foreclose, when it really isn't.