Treasury relaxes rules to free-up HAFA short sales

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Treasury Changes Rules on Short Sales.. (HAFA). On Nov. 30, the Treasury issued new HAFA guidelines that would provide incentives with a short sale or a deed-in-lieu of foreclosure to help.

The program was designed for homeowners who fell out of the Treasury’s Home Affordable Modification Program and was touted as a new standard for short sales. Treasury relaxes rules to free-up HAFA.

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Alternatives (HAFA) Provides transition alternatives to foreclosure in the form of a short sale or deed -in-lieu of foreclosure. Effective November 2012, the GSEs jointly streamlined their short sale and deed-in-lieu of foreclosure programs. The GSE Standard HAFA program is closely aligned with Treasury’s MHA HAFA program.

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Free Online Library: Short on results: short sales are the best hope for sopping up ballooning inventories of foreclosed properties. So why haven’t they had more impact?(REO management, Financial report) by "Mortgage Banking"; Banking, finance and accounting Business Real estate industry Banking industry Company sales and earnings Officials and employees Foreclosure Housing, Single family.

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But today the treasury select committee makes it clear that an urgent lifeline must be thrown to those hurt by QE. It also highlights the plight of savers since the Bank cut the base rate to a.

The U.S. Treasury is trying to make short sale more attractive to lenders and homeowners through the "Home Affordable Foreclosure Alternatives Program" or "HAFA" along with the updated HAFA changes for 2011 and HAFA changes for June 2012 supplemental directive.. What Treasury is trying to do is help streamline the short sale process by suggesting guidelines to the participating lenders.

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