Federal Incentives Coming for Short Sales, Deeds-in-Lieu

Beginning April 5, 2010, another component of MHAP, the Home Affordable Foreclosure Alternatives (HAFA) program, will go into effect. HAFA offers foreclosure alternatives by way of providing incentives to servicers and borrowers to pursue short sales and deeds in lieu of foreclosure.

Federal incentives coming for short sales, deeds-in-lieu/default The mortgage servicing industry in coming weeks will see details of an incentive program aimed to prevent foreclosures by encouraging servicers to pursue short sales and deeds-in-lieu of foreclosure.

The mortgage servicing industry in coming weeks will see details of an incentive program aimed to prevent foreclosures by encouraging.

HAFA Short Sale Program will take effect April 5, 2010, Some servicers may implement it sooner. As part of the HAMP (The Home Affordable Modification Program) program there will be an important Short Sale alternative called the HAFA. This program compliments HAMP and is detailed in the National Association Government Affairs division pamphlet.

Subprime, Alt-A Delinquencies Piling Up Eminent domain remains minor headwind as housing recovers Florida AG joins CFPB, FTC enforcement sweep Rental demand to grow by 6.6 million through 2016 rental market strength The rental market continues to drive the housing recovery, with over 36 percent of US households opting to rent in 2015-the largest share since the late 1960s. Indeed, the number of renters increased by 9 million over the past decade, the largest 10-year gain on record. Rental demand has risen across all age groups,FHFA: Completes fifth consecutive unmodified audit Report: Alt-A Delinquency Rate Nearing 18 Percent Toll paid $23.5 million for a 552-bed student housing complex near. delinquency rate for non-government-backed commercial mortgage-backed securities – a type of bond composed of property loans -.The NRO Receives Clean Financial Audit for Fifth Consecutive Year For the fifth consecutive year, the National Reconnaissance Office (NRO) has achieved a clean independent audit of its annual financial statements-an extraordinary achievement within the U.S. Intelligence Community and a testament to the hard work of the entire nro workforce.lps: december home prices rose 5.8% annually The median price for single-family, re-sale homes in Sonoma County were up year-over-year for the twenty-fifth month in a row. Nevertheless, we are still 21.2% below the peak price reached in august 2005. june market Statistics. The median price for homes gained 13.8% year-over-year and it.In connection with the creation of Staffing, Inc., the Hospital requested and received an opinion from the Florida Attorney General that employees of Staffing. of the agencies that was charged with.Last week the Town Council of Florence, Arizona, voted to invoke eminent domain to seize 1,187 acres of private land (patented mining claims) owned by Curis Resources. Curis also has, as part of the project, 160 acres of leased State Trust Land. Curis is trying to develop a copper mine near Florence (see map at bottom of this post).Alt-A loans fared comparitively worse, with 2006 vintage first liens recording 60+ day delinquencies of 25.26 percent, up 9.44 percent from the prior month; the 2007 vintage saw delinquencies rise.Altos predicts a ‘catfish recovery’ for housing market 2018 HW Tech100 Winner: Access Business Technologies Nomura and RBS await judge ruling on FHFA mortgage lawsuit HUD secretary ben carson apparently doesn’t know what an REO is Housing and urban development (hud) Secretary Ben Carson was quizzed at a hearing on Capitol Hill Tuesday, resulting in yet another viral moment for the cabinet official. Appearing before the.A U.S. appeals court appeared unlikely on Friday to overturn an order requiring Nomura Holdings Inc and Royal Bank of scotland group plc (RBS.L) to pay $839 million for making false statements.