Came across this blog post today which purports the size of the HAFA market is an astonishing 2.8 million properties!
The breakdown as provided in that blog post:
- 7.5 MM borrowers that are 60+ days delinquent or in some stage of foreclosure (LPS Mortgage Monitor Report, Feb ’10)
- 2.0 MM are the foreclosure “inventory” (MBA Q4 ’09 National Delinquency Survey)
- 1.0 MM Non-HAMP Mods (OCC Mortgage Metrics Report, assumes Q4 ’09 = Q3 ’09)
- 830k HAMP Trial Mods (Making Home Affordable Jan ’10 report)
- 116k HAMP Permanent Mods (Making Home Affordable Jan ’10 report)
- 754k Remaining HAMP eligible Mods (1.7 MM HAMP eligible minus HAMP Trial minus Mods minus HAMP Permanents Mods)
- What is left is the HAFA eligible, or about 2.8 MM
This obviously represents an enormous opportunity, as we all know. So, get to it! What are your thoughts on these numbers or values?
Hello,
I’ve noticed you have posted several of these and I was curious how it is working and how I might be able to use the same or similiar thing. I’m in Houston, Tx in case you are wondering.
Thanks
Charles, what do you mean exactly? How you might be able to use what thing? HAFA?