On June 1, 2010, Fannie Mae released Servicing Guide Announcement for Fannie Mae’s Home Affordable Foreclosure Alternatives. Program to provide servicer guidance and direction for using the short sale or deed-in-lieu (DIL) process for borrowers who qualified for, but did not complete, a loan modification under the Home Affordable Modification Program (HAMP). Fannie Mae’s HAFA will provides financial incentives to servicers and borrowers who utilize a short sale or a deed-in-lieu (DIL) of foreclosure to avoid a foreclosure on eligible loans, which helps preserve the condition and value of the property by minimizing the time a property is vacant and subject to vandalism and deterioration. The effective implementation date is August 1, 2010; however, servicers are encouraged to implement the Fannie Mae HAFA earlier than that date.
THE HAFA Program Summary
The Fannie Mae HAFA program simplifies and streamlines the use of short or “preforeclosure” sale and deed-in-lieu of foreclosure (DIL) options by incorporating the following unique features:
- Complements HAMP by providing alternatives for borrowers who are HAMP eligible (including borrowers facing imminent default)
- Utilizes verified borrower financial and hardship information collected in conjunction with HAMP, eliminating the need for additional eligibility analysis;
- Allows the borrower to receive pre-approved short sale terms prior to the property listing;
- Prohibits the servicer from requiring, as a condition of approving the short sale, a reduction in the real estate commission agreed upon in the listing agreement;
- Releases the successful HAFA borrower from future liability for the debt;
- Uses standard processes, documents, and timeframes;
- Provides financial incentives to borrowers, servicers and subordinate lien holders.
Incentive Compensation
Servicer Incentives
- Short sale – $2,200 incentive fee
- DIL – $1,500 incentive fee
No servicer or borrower incentive will be paid for short sales on Fannie Mae second lien mortgage loans.
Borrower Incentives
- Short sale or DIL – $3,000 to assist with relocation expenses
In most circumstances, the borrower will receive funds at closing of a short sale or within 5 days after the servicer’s acceptance of a DIL, provided the borrower has vacated the property and left it in acceptable condition.
POSTED: Jun. 4th, 2010
126 COMMENTS
AUTHOR: admin
FILED: X Fannie Mac HAFA 1st June 2010
bjWjYw hwwzqedgsrlg, [url=http://gvxrkfwyboed.com/]gvxrkfwyboed[/url], [link=http://knjxaaxqlyhe.com/]knjxaaxqlyhe[/link], http://zhdognbfpmfr.com/
Buy:Buspar.Prozac.Benicar.Seroquel.SleepWell.Lipothin.Lasix.Amoxicillin.Advair.Wellbutrin SR.Female Pink Viagra.Nymphomax.Cozaar.Ventolin.Female Cialis.Lipitor.Aricept.Zocor.Zetia.Acomplia….
QoT6ej smqosavpxrhe, [url=http://bldlaaqnyhgy.com/]bldlaaqnyhgy[/url], [link=http://vxicafypntcy.com/]vxicafypntcy[/link], http://ontxwngfpykt.com/
Buy:SleepWell.Cozaar.Lipothin.Nymphomax.Advair.Zetia.Buspar.Lasix.Female Cialis.Acomplia.Wellbutrin SR.Female Pink Viagra.Zocor.Ventolin.Aricept.Prozac.Amoxicillin.Benicar.Lipitor.Seroquel….
all cosmetics wholesale
Thanks for this information. I think someone need some help like this.
Billy Ray Cyrus Ray-Ban Sunglasses. Labels: Ray-Ban. Billy Ray Cyrus – Ray-Ban – 3025 Sunglasse
Wonderful, good saying and very vivid expression, i truly like your opinion about that.I gotta say very good and quite persuasive.
That is almost the best essay i have ever seen, clear idea and expression, i have to say i am very much adore you now, may be some day i will imitate your articel style, lol.
I wants to add your blog to my blogroll please inform me what anchor should I use?
I am a analyst in a little german team of elliott wave specialists! It is pretty obvious that there will be a STRONG movement very soon!!! The direction is arguable but not the fact that there will be some big movements! Stick to your risk management now!!! Just a little advice from here
Thanks for making my morning a little bit better with this great article!!
Search for a new home or find mortgage rates, real estate agents, and relocation services throughout the whole world
Another Title…
Garmin has something for Geocaching enthusiasts with the introduction of chirp Garmin. This beacon can be detected by most of the outdoor unit of Garmin GPS and be able to automatically open instructions or other data to conclude….
Thanks for the suggestions and references information’s.
Hello, This particular web internet site is genuinely enjoyable and satisfaction to read. I’m a huge admirer from the subjects mentioned. I also benefit from studying the critiques, but learn that alot of people ought to stay on article to try and add value in the direction of the original weblog publish. I would also encourage every person to take note of this web page for any favorite help to assist sent out the manifestation.
Between me and my husband we’ve owned more MP3 players over the years than I can count, including Sansas, iRivers, iPods (classic & touch), the Ibiza Rhapsody, etc. But, the last few years I’ve settled down to one line of players. Why? Because I was happy to discover how well-designed and fun to use the underappreciated (and widely mocked) Zunes are.
Why have you removed my post? It was very useful information and i promise atleast one person found it helpful unlike the rest of the comments on this site. I’ll post it again. Fed up with getting low numbers of useless visitors for your website? Well i wish to inform you of a new underground tactic that produces myself $900 every day on 100% AUTOPILOT. I could truthfully be here all day and going into detail but why dont you merely check their website out? There is really a excellent video that explains everything. So if your seriously interested in making hassle-free cash this is the website for you. Auto Traffic Avalanche
Hello guys, I have found a brilliant way to make loads of money online making blogs. I suppose this is primaraly for the website admin but there are probably more bloggers reading this. I have already made thousands using the techniques detailed in the product and it’s only been 2 months. It basically generates content for you automatically and then on top of that posts it to free websites to gain you traffic. Check out their short video. Auto Blog Samurai
With thanks for talk about really decent informations. Your net is great, I am pleased by the data that you just have on this weblog. It exhibits how properly you understand this subject. Bookmarked this web page, will arrive back again for alot more. You, my buddy, I identified just the details I currently looked for in all places and just couldn’t identify. What a perfect web site. Similar to this site your web-site is one of my new preferred.I such as this data proven and it has offered me some kind of encouragement to possess achievement for some explanation, so retain up the decent work!
Fed up with obtaining low numbers of useless visitors for your site? Well i wish to let you know about a new underground tactic which makes myself $900 each day on 100% AUTOPILOT. I could be here all day and going into detail but why dont you just check their website out? There is really a great video that explains everything. So if your serious about making easy cash this is the website for you. Auto Traffic Avalanche
Fed up with getting low numbers of useless visitors for your website? Well i want to tell you about a fresh underground tactic which makes myself $900 on a daily basis on 100% AUTOPILOT. I possibly could be here all day and going into detail but why dont you just check their website out? There is really a great video that explains everything. So if your serious about making quick cash this is the website for you. Auto Traffic Avalanche
I truly like your post. I found it really usefull. I will have to go to your web site again some day.
Sick and tired of obtaining low amounts of useless visitors to your website? Well i wish to tell you about a new underground tactic which makes me personally $900 on a daily basis on 100% AUTOPILOT. I could truthfully be here all day and going into detail but why dont you merely check their site out? There is a great video that explains everything. So if your seriously interested in producing simple hard cash this is the website for you. Auto Traffic Avalanche
Why have you removed my post? It was very helpful information and i guarantee atleast 1 person found it helpful unlike the rest of the comments on this website. I’ll post it again. Sick and tired of getting low amounts of useless traffic to your website? Well i wish to inform you of a brand new underground tactic which makes me personally $900 daily on 100% AUTOPILOT. I could truthfully be here all day and going into detail but why dont you simply check their site out? There is a excellent video that explains everything. So if your serious about making simple cash this is the website for you. Auto Traffic Avalanche
Thank you for this help and advice brilliant assessment; this will be the kind of consideration that continues me although out the day.I have forever lengthy been wanting close to for your web-site precise as a result of I observed about these from a near friend and was glad when I was in a placement to unearth it perfect following wanting out for some time. Becoming a knowledgeable blogger, I’m pleased to identify out other people taking gumption and adding towards the community. I just preferred to analyze to show my understanding on your post as it’s quite moving, and lots of web writers will not get the credit they really should have. I am constructive I’ll be back and can deliver out a number of of my colleagues.
prada eyeglass frames from us prada sunglasses store
Sick and tired of getting low numbers of useless visitors to your site? Well i wish to share with you a brand new underground tactic which makes me personally $900 each day on 100% AUTOPILOT. I could truthfully be here all day and going into detail but why dont you just check their site out? There is a great video that explains everything. So if your serious about producing easy cash this is the site for you. Auto Traffic Avalanche
Can I use this product along with other weight reduction products?
Why have you deleted my post? It was very helpful information and i assure atleast one person found it helpful unlike the rest of the comments on this web site. I’ll post it again. Fed up with obtaining low amounts of useless traffic for your website? Well i want to inform you of a fresh underground tactic which makes me personally $900 each day on 100% AUTOPILOT. I could be here all day and going into detail but why dont you simply check their site out? There is really a great video that explains everything. So if your seriously interested in producing simple hard cash this is the website for you. Auto Traffic Avalanche
Hey guys i wish to share with you a way i make $500 daily and i only spend 15 minutes doing it a day! Anyone can do it, you dont NEED to have a website. I strongly suggest you check their website out as there is a brilliant video that explains each thing you have to know. Check them out at Mobile Monopoly. That’s the name of the System and i suggest if you own a web site that you at-least go and take a peak, you wont regret it…
Tired of obtaining low amounts of useless visitors to your site? Well i want to let you know about a brand new underground tactic which makes me personally $900 every day on 100% AUTOPILOT. I possibly could be here all day and going into detail but why dont you merely check their website out? There is really a great video that explains everything. So if your serious about making quick cash this is the website for you. Auto Traffic Avalanche
Sick of getting low numbers of useless traffic for your website? Well i want to inform you of a new underground tactic that produces myself $900 every day on 100% AUTOPILOT. I really could be here all day and going into detail but why dont you simply check their site out? There is a excellent video that explains everything. So if your seriously interested in producing effortless money this is the site for you. Auto Traffic Avalanche
I was’nt sure I would like this site since it was about Fannie Mac Introduce Home Affordable Foreclosure Alternatives Program Short Sale Power but I was wrong and thought it was cool and found it on AOL . Thanks and I’ll be back as you update.
I really like this site and Fannie Mac Introduce Home Affordable Foreclosure Alternatives Program Short Sale Power . I read about you on another site I found on Google and thought they had great views as well.
Congratulations for posting such a useful blog. Your blog isn’t only informative but also extremely artistic too. There usually are extremely couple of individuals who can write not so easy articles that creatively. Keep up the good writing !!
Heya , I spottet a brilliant way to make tons of money online writing blogs. I expect this is mainly for the website administrator but there are probably more bloggers reading this. I have already made thousands using the techniques described in the product and it has only been 2 months. It basically generates content for you automatically and then on top of that posts it to free websites to gain you traffic. Check out their short video. Auto Blog Samurai
Sick of getting low numbers of useless traffic to your website? Well i wish to let you know about a new underground tactic that produces me personally $900 every day on 100% AUTOPILOT. I possibly could be here all day and going into detail but why dont you simply check their website out? There is a great video that explains everything. So if your serious about producing easy cash this is the website for you. Auto Traffic Avalanche
Every time I stumble upon a good post I do a few things:1.Show it to my close contacts.2.Bookmark it in all my best bookmarking websites.3.Be sure to come back to the same website where I first read the post.After reading this article I am really thinking of going ahead and doing all three!
Sick of obtaining low numbers of useless traffic for your website? Well i want to share with you a brand new underground tactic which makes myself $900 daily on 100% AUTOPILOT. I possibly could be here all day and going into detail but why dont you merely check their website out? There is really a excellent video that explains everything. So if your seriously interested in making effortless money this is the site for you. Auto Traffic Avalanche
Tired of obtaining low amounts of useless visitors for your website? Well i wish to share with you a brand new underground tactic that produces me personally $900 on a daily basis on 100% AUTOPILOT. I could be here all day and going into detail but why dont you merely check their website out? There is really a excellent video that explains everything. So if your serious about making easy hard cash this is the website for you. Auto Traffic Avalanche
Love your site man keep up the good work
hRsFT2 rxdngjikvtmc, [url=http://fvbuacinczuf.com/]fvbuacinczuf[/url], [link=http://ssiasdpqrrwh.com/]ssiasdpqrrwh[/link], http://ttwrwialhwbj.com/
RZTJJW xauzhmntjdbd, [url=http://meezvhptjaoo.com/]meezvhptjaoo[/url], [link=http://qtfwmtyhbnha.com/]qtfwmtyhbnha[/link], http://suqlfhkuxktp.com/
Cheers quite a lot with this amazing beneficial publish; this can be a various move which makes myself however out the evening.We’ve always read actually recently been hoping all-around in your web site just after When i discovered them at a good friend and has been pleased once i was in a situation to discover the item soon after searching for a while. To become seasoned tumblr, I’m ecstatic to watch many people getting proceed as well as preparing for a group. I just now desired to view to demonstrate my thankfulness for your post since it’s really driving, and several content copy writers normally do not obtain the credit score they must possess. More than likely I’ll be back all over again which enable it to offer many of my mates.
Howdy,That is my very first time I stumbled upon aimed at your web as well as candidly, your blog are excellent web page having encircle a variety of info that we have not examine prior to this particular. I will subscribe in addition to save an individual blogbecause after that, it easier for me personally in to the future again and read brand new posts that you simply submit. Finally, exactly what do My partner and i claimed is usually you should proceed publishing on your own site mainly because I know this website have a very good in addition to great potential.,Continue the good work!! Good work.,Cheers.
Hey guys i want to share with you a way i make $500 every day and i only spend 15 minutes doing it a day! Anyone can do it, you dont NEED to have a website. I strongly recommend you check their website out as there is really a brilliant video that explains each thing you need to know. Check them out at Mobile Monopoly. That’s the name of the System and i suggest should you own a website that you at-least go and take a peak, you wont regret it…
Great finding this web site. In case you are looking for a property in Naples Florida, I will be tickled to assist you find it. Have a fantastic time. Wishing you a Happy and successful New Year!
ljvwrsh73lvsahz5mjyrk103z
Might be just a bit off-topic, but here is a small blog of similar postings that couldbe helpful.