Fannie Mae Unveils Own HAFA Program

On June 1, 2010, Fannie Mae introduced its own Home Affordable Foreclosure Alternatives (HAFA) Program, which, like the HAFA program issued by the U.S. Treasury, is designed to mitigate the impact of foreclosures on borrowers who are eligible for a loan modification under the Home Affordable Modification Program (HAMP) but ultimately did not complete a modification.

See the details here: http://www.lasvegasrealtor.com/newsletter/Default.asp?file=Legal_Hafa.html