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Home Affordable Foreclosure Alternative Program (HAFA) Changes Again

Home Affordable Foreclosure Alternative Program (HAFA) Changes Again

  In March 2009, the U.S. Treasury issued guidance for loan modifications by participants in the Making Home Affordable Program.  The program was  updated and expanded in April of 2010 to include the Home Affordable Foreclosure Alternatives Program (HAFA). HAFA  provided borrowers with an alternative to foreclosure through a short sale or deed-in-lieu (DIL) of […]

HAMP

HAFA Releases Another Update for 2011

The Home Affordable Foreclosure Alternatives Program 2011 Update On December 28, 2010, the Treasury Department released another update to the Home Affordable Foreclosure Alternatives Program (HAFA). Not surprisingly, the Treasury Department was under the gun as a result of the program’s poor overall performance.  According to the Congressional Oversight Panel (the Troubled Asset Relief Program […]