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.
Fannie Mae Introduces Short Sales Tool
As a follow up to NAR's ongoing discussions with Fannie Mae regarding short sales, Fannie Mae has introduced a new optional tool to help real estate professionals successfully close the short sales process.