The recent (Christmas Eve) approvals for Treasury’s funding of the GSE’s (Fannie Mae and Freddie Mac) may be a first step in a larger program to overhaul HAMP to allow principal reductions as well as the soon to be released GSE version of Home Affordable Foreclosure Alternatives (HAFA), which may better support short sales and deeds-in-lieu of foreclosure.

See more in our article at avoidforeclosurebremerton.com.