• Certified HAFA Specialist

  • Short Sale and Foreclosure Resource Designation

MHA Enhancements Offering Help to More Homeowners 

New MHA Program Fact Sheet

(January 3, 2013 from Jason Ian Hector is a REALTOR® and licensed CA Real Estate Broker specializing in short sales) The Making Home Affordable Program (MHA) which was created in 2009, has not been able to meet it's own projections when created much in part due to the banks unwillingness to quickly process people who are applying for loan modification.  When someone applies for a loan, for example, the lender can give a decision very quickly once all the information is given.  However, with a loan modification, they take more than 90 days just to review a file and by that time, the documents become old and something else is requested.  The updates can be found at https://www.hmpadmin.com/portal/programs/docs/hamp_servicer/sd1202.pdf
New MHA program flyer summarizes programs available to homeowners who are eligible.  Recent updates are that the MHA Program expiration date has been extended to December 31, 2013 and also Tier 2 has been fully implimented and has expanded eligibility

One positive change with the new June 1st updates is the removal of the occupancy requirement and consideration of rental properties now for MHA Programs.  For homeowners, one of the most promising changes is the increase in the incentives offered to investors for principal reduction under HAMP's PRA (Principal Reduction Alternative) Program.  There are also some changes to the HAFA guidelines like raising the cap for secondary lien holders and including rental properties.  Homeowners should contact myself 818-357-9658 or their lender / servicers regarding specific questions about the Programs.

Below are some of the MHA Programs available only to approved and participating servicers:

The MHA Handbook provides the guidance and requirements for servicers to use in their understanding and implementation of the MHA Program.  Any questions about the MHA Programs should be referenced in the MHA Handbook's latest version which can be found at www.hmpadmin.com.

Jason Ian Hector is a REALTOR® and licensed CA Real Estate Broker specializing in short sales. 

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Jason Ian Hector, CalBRE LIC #01481898
11630 Seminole Cir • Porter Ranch, CA 91326
Cell: (818) 357-9658 •