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A critical part of Fannie Mae’s role in the Making Home Affordable Program is the Home Affordable Refinance Program (HARP), available for refinances of existing Fannie Mae (and Freddie Mac) loans. The goal of the refinance effort, as announced by the President, is "to provide access to low-cost refinancing for responsible homeowners suffering.
(HARP) (HAMP) (FHA-HAMP) (VA-HAMP) (HAFA) (PRA) (2MP)(UP) View All Programs Get real help, real answers, right now. Whether your home value has fallen, you owe more than your home is worth, you’re experiencing financial setbacks or you’ve become unemployed, Making Home Affordable is your best option for solving your home finance challenges.
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The introduction of 2MP HAMP is a very welcome financial relief for distressed homeowners who not only have a first mortgage, but also have a second mortgage on top of it. Bank of America, Wells Fargo, Citi, and Chase have all recently signed on to offer this program to their borrowers who are applying for a loan modification on their second mortgage loans.
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HAFA has a less negative effect on your credit score than a foreclosure; When you close, HAFA may provide $3000 in relocation assistance. You may be eligible for HAFA if you meet all of the following criteria: You have a documented financial hardship. You.
VA HAMP Frequently Asked Questions. 9. Q: Will VA also be participating in the Treasury Home Affordable Foreclosure Alternatives (HAFA). Reporting for VA HAMP modifications should be executed in the same fashion that a traditional modification is