MHA “All About Short Sales” Webinar and more…

by Jan Steward on October 18, 2012



Making Homes Affordable (MHA) continues this year’s webinars and outreach events in November.

Happy HAFAween

Register today for the November 2, 2012 workshop/webinar, “All About Short Sales.” This two-hour training session uncovers what real estate professionals need to know to do a short sale more efficiently in today’s marketplace. Hear directly from Bank of America, CitiMortgage, GMAC Mortgage, JPMorgan Chase, and Wells Fargo on how to get short sale offers approved, navigate the process more smoothly, and get help with difficult cases. Participants will also hear from Treasury about Making Home Affordable’s HAFA program. Note: This session is not open to homeowners.

Check out more hot topics and events MHA offers.  Are you up to date on HAMP’s Expanded Affordability Range, which went into effect June 1, 2012?  Now, homeowners whose debt-to-income ratios would have prevented them from qualifying may now be eligible. Read more about this and other guidance changes designed to help more homeowners in the Making Home Affordable Handbook. 

More good news, Homeowner Equity Jumps 5.9 percent in Q2 2012. According to the U.S. Department of Treasury, rising home values have brought homeowner equity to its highest level since the third quarter of 2008. Additionally, the number of underwater homeowners has declined by 11 percent since the end of last year. Read more in the September 2012 Housing Scorecard 

Industry Seeing Increase in Principal Reductions. The terms of the $25 billion National Mortgage Settlement between the five largest mortgage servicers, the Federal government, and 49 state attorneys general have caused servicers to increase their use of principal reduction. Of all non-GSE loans that were eligible for principal reduction and started a HAMP trial in August 2012, 81 percent included a principal reduction feature, including 63 percent through HAMP’s Principal Reduction Alternative program. Find out more in the latest MHA Program Performance Report.


Enjoy this post? Get the latest blog.aaronline.com posts sent to you by subscribing via email or RSS.

Jan Steward

Jan Steward brings a wealth of experience to the Arizona Association of REALTORS® as the manager, risk management. She is a former title company manager and escrow officer with paralegal training. As a REALTOR® and broker, Jan served the Northern Arizona Association of REALTORS® (NAAR) as board president, vice-president, director, MLS chair, delegate to NAR’s national convention and a member of the Professional Standards and Grievance Committees. Jan was honored as REALTOR® of the Year by NAAR. She also has served on AAR's Professional Standards Committee and a variety of ad hoc committees.

To see more posts by this author, click here.

Leave a Comment

Previous post:

Next post: