The Key Differences Between The Treasury Department, Freddie Mac And Fannie Mae HAFA Programs

01. Jul, 2010 2 Comments

Now that we have three independent HAFA programs in play (the U.S. Treasury Department HAFA program and the recently released Freddie Mac and Fannie Mae HAFA programs), I am regularly being asked about the differences between the three programs in their guidelines and forms.

The three programs are about 80% the same but there are some areas where they differ that you should be aware of.

I have carefully examined the guidelines for the three programs and assembled an easy to follow chart that breaks out the major differences between the three programs. The Treasury Department program was intended by the government to be the model program to follow so I used that program and compared it to the Fannie and Freddie programs.

Fannie Mae & Freddie Mac HAFA Program

Click to Get the Free Chart

What I discovered when I compared the provisions of the three programs was that there were about sixteen areas where there were reasonalbly significant differences between the one or more of the three HAFA programs.

Many of the differences seemed to just be a different way of saying the same thing but sometimes the simple wording changes could actually result in different outcomes for your short sales.

Rather than try to explain all the differences here, I posted a free chart outlining six of the important differences between the HAFA programs at HAFAProgram.com.

If you have already signed up at HAFAProgram.com for your free access you can find the chart in the members area.

If you are a member of the 2010shortsaleplaybook an expanded version of the chart with all sixteen differences is available for you in the members section of www.2010shortsaleplaybook.com

Not a member? Need to learn more about the HAFA program? Click Here to Join Today

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2 Responses to “The Key Differences Between The Treasury Department, Freddie Mac And Fannie Mae HAFA Programs”

  1. Ethan A. Reply 01. Jul, 2010 at 7:25 pm

    Great chart! Thanks for taking the time to break it down for us.

Trackbacks/Pingbacks

  1. Fannie Mae and Freddie Mac HAFA Programs | Intersecting Thought - 01. Jul, 2010

    [...] The Fannie Mae and Freddie Mac versions of the treasury departments hAFA program have been released and there has been some very interesting diffrences between each program. [...]