New changes to Treasury’s HAFA program:
• Servicers are no longer limited to a 6% cap in regard to payments to subordinate lien holders
• Servicers must offer SSA within specific timelines.
• Servicers are no longer required to verify borrower’s financial information in order to determine HAFA eligibility
• House payments no longer need to exceed 31 percent of income.
Showing posts with label Changes to HAFA Program. Show all posts
Showing posts with label Changes to HAFA Program. Show all posts
Jan 28, 2011
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