HOME
In 2009, the Treasury Department introduced the HAFA program to provide a viable option for homeowners who are unable to keep their homes through the existing Home Affordable Modification Program (HAMP). The HAFA program took effect on April 5, 2010 and sunsets on December 31, 2012.
Short Sales Hit Record High, Fannie and Freddie Report
Mortgage giants Fannie Mae and Freddie Mac implemented new timelines this summer aimed at speeding up short sales, which have helped short sales skyrocket in the third quarter of 2012.