Shelley Mastro & Mark Mastro

Barclays Lowers REO Inventory EstimateBy: Carrie Bay 05/07/2010 A recent study by Barclays Capital says that U.S. lenders are holding fewer foreclosed homes than previously assessed by the research firm. Some are viewing the revised estimate as a testament to the stability that istaking hold in the housing market, but Barclays warns that the ...

Most homeowners in facing financial hardship are eligible. As a rule, if a homeowner is eligible for HAMP but cannot pay the mortgage, then he or she is eligible for an assisted short sale through HAFA. However, loans owned or guaranteed through Fannie Mae or Freddie Mac do not qualify. Servicers must consider possible HAMP eligible borrowers for ...

HAFA was introduced to simplify and streamline the short sale process. HAFA accomplishes this in the following ways2:Compliments HAMP by providing viable alternatives for borrowers who are HAMP-eligibleUtilizes borrower financial and hardship information collected in conjunction with HAMP, eliminating the need for additional eligibility ...

The Home Affordable Foreclosure Alternatives (HAFA) Program1 is a government-sponsored initiative led by the US Treasury Department assisting all Home Affordable Modification Program (HAMP)-eligible homeowners in avoiding foreclosure, specifically through short sales or deeds-in-lieu. First introduced November 30, 2009 in Supplemental Directive ...