Providing No Cost Short Sale Processing For Agents and Homeowners
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 [...]
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 [...]
Obama administration officials knocked down rumors on Thursday about any plan for new programs-dubbed an “August Surprise” -to streamline refinancing or cut mortgage balances for homeowners in a bid to stimulate the economy without asking Congress for money ahead of the midterm elections.
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