To assist Servicers in determining the amount of the closing cost assistance or down payment assistance loan that needs to be repaid to SONYMA, download the most recent version of the Closing Cost Assistance Loan (CCAL) / Down Payment Assistance Loan (DPAL) Recapture Calculator.
|Issue Date||Description of Topic|
|12/08/2016||Servicer Bulletin #-1-2016 - Change in Policy Regarding Loss Mitigation Underwriting|
|7/22/2016||Seller’s Guide Bulletin #5-2016 - Updated Transfer of Servicing Guidance from M&T Bank (relevant for all Participating Lenders who do not service SONYMA loans)|
|7/22/2016||SONYMA Master Servicer Transfer Requirements for Non‐Servicing Sellers|
|4/4/2013||Servicing Letter - Release of Hurricane Sandy Insurance Proceeds|
|2/14/2013||Servicer Reminder - Titling of Cash Custodial Accounts|
|1/2/2013||Servicing Updates/Reminders - 2013|
|4/5/2012||Transition to Remittance of Certain Payments by Wire|
|12/26/2011||Servicing Updates/Reminders 2012|
|12/20/2011||Servicer Updates/New Bond Trustee|
|12/02/2011||Servicing Letter - Baum Firm Closure|
|10/12/2010||Foreclosures and Loan Modifications|
|03/02/2010||Servicer Compliance with Newly Enacted Changes to New York State Mortgage Foreclosure Law|
|03/17/2009||Relief to Military Servicemembers|
|09/18/2008||Certification of Compliance|
|07/21/2006||Relief for Homeowners and SONYMA Borrowers Impacted by the Recent Upstate Flooding|
|11/29/2005||Non-Owner Occupied Properties|
|09/13/2005||Phaseout of Magnetic Tape Media for Monthly Mortgage Reporting|
|03/30/2004||SONYMA Recapture of MAP Funds and CCAL Obligations|
|01/21/2004||SONYMA Exemption from Recording and Transfer Fees|
|07/28/2003||Revised Servicer's Guide|
Click here to view and print the SONYMA Servicing Staff Directory.
The Job Loss Protection Plan provides coverage for eligible borrowers who have experienced temporary involuntary unemployment or an accident that prevents him/her from making his/her monthly mortgage payment.
Note: This plan is available only for those borrowers who obtained PMI insurance through Genworth Mortgage Insurance Corporation between November 29, 2004 and July 15, 2012, closed the loan by December 31, 2012, continues to have mortgage insurance coverage with Genworth Mortgage Insurance Corporation and the benefit period has not expired.
Click here to link to the FAQ section for more information about the Job Loss Protection Plan.
Click here to view and print the entire Servicer's Guide (including exhibits).
To view and print an exhibit, select from the list below.
|A||- SONYMA Mortgage Loan Numbers by Bond Indenture, Bond Series and Applicable Pool Insurers|
|B||- Summary Reconciliation of Payments Form|
|C||- SONYMA Explanation of Reconciliation Form|
|D||- Certification of Privacy Notices|
|E||- Foreclosure Recommendation, Consent and Status Report Form (Form 222/2-09)|
|F||- Assumption Affidavit|
|G||- Name, Address and Telephone Numbers of Pool Insurance Companies|
|H||- Trust and Custodial Account Designations|
|I||- Servicer File (Monthly Reporting) Specifications|
|J||- SONYMA Closing Cost Assistance Loan Release of Riders to Note and Security Agreement (Form C3/1-03)|
|K||- Closing Cost Assistance Recapture Worksheet|
|L||- MAP Recapture Worksheet|
|M||- Request for Federal Recapture Tax Reimbursement Form|
Last updated: 4/4/2013