Browsing the archives for the HAMP tag
Anyone who’s followed the Art of Short Sales for any period of time knows that we have not been a huge fan of the HAFA, HAMP, and other government programs designed to ease the short sale process. This week’s CNN article by Diana Olick continues to prove that over a year after its inception, the [...]
Came across this article from CNBC last week discussing the impact HAFA has had (read: not what was expected!) The treasure department says the following “While HAFA has been widely credited with streamlining the short sale process by setting clear timelines, documentation requirements and procedures, feedback from various stakeholders including servicers, housing counselors, realtors and others [...]
Interesting article courtesy of Jon Prior of HousingWire released last Friday that discusses the status of HAMP modifications and short sale statistics. Top mortgage servicers have completed 91,827 short sales or deeds-in-lieu of foreclosure on canceled trial or declined modifications through the Home Affordable Modification Program as of September, up 27% from the previous month, [...]
Housing Wire author Cary Steinberg recently wrote an interesting piece on about HAFA and HAMP. The premise of the article is that HAFA (the Home Affordable Foreclosure Alternative) will likely be successful because it is an exit strategy for homeowners, allowing them to sell their house for less than they owe – as opposed to [...]
// Interesting read at CNBC last Friday about banks moving to short sales by Dianna Olick. Earlier this week a top executive at Bank of America told an REO conference in Dallas that the lender would be focusing more on short sales than ever before. At first hearing this, I assumed it was because of [...]
