What is HAFA?
The Home Affordable Foreclosure Alternatives (HAFA) Program is a government-sponsored initiative announced in November 2009 overseen by the US Treasury Department and administered by Fannie Mae (Fannie) assisting all Home Affordable Modification Program (HAMP) eligible homeowners in avoiding foreclosure, specifically through short sales (SS) or deeds-in-lieu (DIL) of foreclosure. As of April [...]
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Treasury Department Announces Home Affordable Foreclosure Alternatives Program
On November 30, 2009, the Treasury Department released guidelines and forms for its new Home Affordable Foreclosure Alternatives Program (HAFA). HAFA is part of the Home Affordable Modification Program (HAMP). HAFA provides incentives in connection [...]
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