Making Home Affordable Programs – including HAMP, HAFA – Extended and Expanded through 12/31/13
The Treasury department recently released Supplemental Directive 12-02 (link: https://www.hmpadmin.com/portal/programs/docs/hamp_servicer/sd1202.pdf) officially extending the term of all Making Home Affordable programs – including Home Affordable Modification Program (HAMP), Home Affordable Foreclosure Alternatives Program (HAFA), the Unemployment Program (UP), and Second Lien Modification Program (2MP) through December 31, 2013. The extension of these programs is a public acknowledgment for the need for continuing help and support for borrowers in default and facing foreclosure. The program extensions come on the heels of the expansion and extension of the Home Affordable Refinance Program or HARP (link: http://www.fhfa.gov/webfiles/22721/HARP_release_102411_Final.pdf), also through December 31, 2013.
Please feel free to review the documents provided above via links, or contact AssetPlan (www.assetplanusa.com) to sign up for one of their excellent training courses.
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