Home Affordable Foreclosure Alternatives Program (HAFA)

To help homeowners who are unable to keep their homes under the Home Affordable Modification Program, the HAFA program may make a short sale or a deed-in-lieu of foreclosure a viable option to help them avoid foreclosure. The HAFA Program, which will take effect on April 5, 2010, provides servicer, seller and junior lien holder incentives for these transactions and is designed to simplify and streamline use of short sales and deeds-in-lieu of foreclosure.

HAFA Forms Updated
The HAFA forms and guidelines (Supplemental Directive 09-09) have been updated as of March 26, 2010.
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Latest news:
Information on FHA & VA Short Sales Programs (PDF: 244KB) (Apr. 14)
Video: Understanding Federal Short Sales Rules: HAFA (Revised, Apr. 5)
Webinar: Understanding HAFA--Home Affordable Foreclosure Alternatives Program.
Download Revised Slides: Incentives Payments Changed (PDF: 267K) (Mar. 19)
HAFA Changes—Short Sale Negotiators Will Not Be Paid from Real Estate Commissions (Mar. 16)

Short Sales Commissions Policies
HAFA Commissions Policies (PDF 241K) (Apr. 2)
Freddie Mac Short Sales Commission Policy (PDF 128K)  (Oct. 27)
Fannie Mae Short Sales Commissions Policy and Appeals Process (PDF 299K) (Oct. 27)