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Exciting news regarding HAFA Requirments! Just last week the Treasury made some big changes: HAFA no longer requires that servicers verify the borrowers finances HAFA no longer requires servicers to determine if the borrowers monthly payment is higher than a 31 percent debt-to-income ratio. HAFA no longer requires second-lien holders to agree to accept . . . → Read More: Treasury Makes Big Changes to HAFA – Are you now eligible? Is your home upside down? Do you feel locked in your home? There is good news! Reuters reported, Treasury sets guidance to simplify “short sales”. The HAMP website released “Supplemental Directive 09-09” which is the new guidelines for servicers doing short sales (HAFA short sale details here – HAFA means Home Affordable . . . → Read More: 2010 The Year of The Short Sale- Breaking news! – Supplemental Directive 09-09  4 comments  Uncategorized  Bank of America Short Sale Help, Bank of America short sale trouble, Bated Breath, Beneficial Solution, Borrowers, Breaking News, Fannie Mae, Fantastic News, Fear, Foreclosure, Freddie Mac, Guidance, Half A Day, Hamp, Home Retention Division, Home Sellers, Homes Sales, HRD, Investors, Lenders, Loan Portfolios, Loan Servicers, Mortgage, Page Directive, Real Estate Agent, Reason, Reuters, Short Sale, Short Sales, Sifting Through, Supplemental Directive 09-09, Treasury, Upside Down, Walks |
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