Home Loan Servicing Update

Home Loan Servicing Update - October 2006

WHEDA Home PROGRAM MANUAL / FORMS REVISIONS

On occasion, revisions are needed to the required WHEDA forms that Lenders incorporate for their WHEDA loan files. Please check WHEDA.com regularly to verify that your forms are the most current available.

Recently WHEDA updated the Form 12 (Closing Package Checklist-WHEDA Serviced) and the Form 12a (Closing Package Checklist-Lender Serviced), please take a moment to verify that your institution is utilizing the correct form.

Please be aware that all Notes must be properly endorsed to WHEDA. A proper endorsement must include the verbiage "Pay to the Order of WHEDA, Without Recourse", the Officer Name, Officer Title and the Lending institution. You may refer to the Note section of the WHEDA Home Origination Manual-Closing Chapter for more information.

BANKRUPTCY - TRUSTEE PAYMENTS

Report of Trustee Payments - Reminder that the report of trustee payments (Form - SF 10.14) must be submitted each time a trustee payment is received and applied on a Chapter 13 Bankruptcy account. This form can be sent to Carrie Miller by fax at 608-267-1462 or mailed directly to PO Box 1728, Madison WI 53701-1728. If you have any questions on this form, please contact Carrie Miller at 608-266-8679.

DELINQUENCY RATES - 3rd QUARTER

2006		Portfolio	30 Day	60 Day	90 Day	Foreclosure	Bankruptcy
JUL	W	1.27%	1.04%	0.17%	0.06%	0.26%	0.59%
	L	2.07%	1.87%	0.16%	0.04%	0.39%	0.49%
	T	1.84%	1.63%	0.16%	0.05%	0.35%	0.52%

AUG	W	1.16%	0.97%	0.15%	0.04%	0.27%	0.62%
	L	2.06%	1.71%	0.29%	0.06%	0.39%	0.49%
	T	1.80%	1.49%	0.25%	0.06%	0.35%	0.53%

SEP	W	1.50%	1.26%	0.21%	0.03%	0.25%	0.59%
	L	2.06%	1.69%	0.29%	0.08%	0.43%	0.47%
	T	1.89%	1.56%	0.27%	0.06%	0.38%	0.50%

(W = WHEDA L = LENDER T = TOTAL)