April 5th is the deadline for mortgage servicers to join the NAR backed HAFA program. The program for federally backed loans was established to improve the process of short sales and deed in lieu of foreclosures.
The governmental affairs division of NAR has released a video regarding HAFA, HAMP and the qualification process. If you need to see if your loan is owned by Fannie Mae or Freddie Mac, you can check at the MakingHomeAffordable.Gov site.
April 1, 2010
