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home affordable rules and regulations: Minnesota Homeowners With A Mortgage-review MHA- Making Home Affordable Program guidlines - 03/12/09 02:39 PM

This information was just provided to us in an email from MyCommunityMortgage.  It is an excellent summary of the new law regarding home ownership and the distressed home situation we are facing as a nation.
Making Home Affordable Program (MHA)

On March 4 the Treasury issued Uniform Guidance for two distinct and different programs under President Obama's "Making Home Affordable" plan which is the Administration's strategy to get the housing market corrected: The two programs include:
1.      Home Affordable Modification - Details can be found at: http://www.ustreas.gov/press/releases/reports/modification_program_guidelines.pdf.
2.      Home Affordable Refinance - Details can be found at: https://www.efanniemae.com/sf/guides/ssg/annltrs/pdf/2009/0904.pdf
http://www.freddiemac.com/singlefamily/service/mha_modification.html
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Patti Mazzara NMLS #333279

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