Another bailout package

User Forum Topic
Submitted by Rich Toscano on October 13, 2009 - 8:25am

http://www.housingwire.com/2009/10/12/tr...

HAFA already holds the support of Fannie, according to a VP at the agency, Eric Schuppenhauer, who believes the new program allows borrowers in imminent default to “make a graceful exit” from their home. HAFA will keep the stigma associated with foreclosure away from the borrowers, he added, and help keep communities intact.

Maggiano adds that HAFA will offer financial incentives to both servicers and borrowers, and associated secondary investors, in order to facilitate a short sale or deed in lieu of the property.

rich

‹ Foreclosures: 'Worst three months of all time' Prime Areas Collapse ›
I have been watching HAFA as
Submitted by SD Realtor on October 13, 2009 - 8:48am.

I have been watching HAFA as my little tax dollars fly away on golden wings.

I guess this is the next rabbit out of the hat.

"HAFA will keep the stigma
Submitted by DWCAP on October 13, 2009 - 4:10pm.

"HAFA will keep the stigma associated with foreclosure away from the borrowers, he added, and help keep communities intact."

The only stigma I know of associated with foreclosure is the massive hit to your credit and the fact that you will have trouble buying another house for a while. Isnt that 'stigma' a good thing? Allowing the market to identify responsible consumers vs irresponsible consumers seems like a good thing to me.

DWCAP wrote:....Allowing the
Submitted by patientrenter on October 13, 2009 - 6:01pm.

DWCAP wrote:
....Allowing the market to identify responsible consumers vs irresponsible consumers seems like a good thing to me.

How uncharitable and unfair of you. Luckily the people with real power will override your petty concerns. Back to the party and drink up, everyone!

DWCAP, we'll send you the bill for our drinks later.

"Borrowers will need to be
Submitted by jpinpb on October 13, 2009 - 7:32pm.

"Borrowers will need to be Home Affordable Modification Program (HAMP)-eligible "

What are the criteria?

patientrenter wrote:DWCAP
Submitted by DWCAP on October 13, 2009 - 8:32pm.

patientrenter wrote:
DWCAP wrote:
....Allowing the market to identify responsible consumers vs irresponsible consumers seems like a good thing to me.

How uncharitable and unfair of you. Luckily the people with real power will override your petty concerns. Back to the party and drink up, everyone!

DWCAP, we'll send you the bill for our drinks later.

Sadly I doubt I will still be around when that bill arrives. However, my kids name is .......

"What are the
Submitted by SHILOH on October 14, 2009 - 11:20am.

"What are the criteria?"

maybe to have a job?

you can find them
Submitted by sdrealtor on October 15, 2009 - 10:12am.

you can find them here

www.makinghomeaffordable.gov