by Bob Hunt
It is much too early to gauge the success of HAFA, the administration's Home Affordable Foreclosure Alternatives program. HAFA guidelines and standard forms were first released in November of 2009. The effective date was April 5, 2010, although participating lenders were free to adopt the program ahead of that date. The November guidelines were revised on March 26, 2010. (You know something is going on if guidelines need to be revised even before the program becomes effective.)
It is much too early to gauge the success of HAFA, the administration's Home Affordable Foreclosure Alternatives program. HAFA guidelines and standard forms were first released in November of 2009. The effective date was April 5, 2010, although participating lenders were free to adopt the program ahead of that date. The November guidelines were revised on March 26, 2010. (You know something is going on if guidelines need to be revised even before the program becomes effective.)