Skip to content Skip to footer site map

Navigate Up
Sign In
 

 Making Home Affordable

 Additional Programs Under MHA

As the housing crisis evolved, Treasury launched additional programs under MHA to help struggling homeowners find a solution that was right for their situation. These include: 
  • The Principal Reduction Alternative (PRA) assists homeowners with a loan-to-value ratio exceeding 115 percent.
  • The Home Affordable Unemployment Program (UP) is designed to provide temporary forbearance for unemployed homeowners.
  • The Second Lien Modification Program (2MP) provides a mechanism for servicers to modify second liens when a homeowner receives a first lien modification through HAMP.
  • The Home Affordable Foreclosure Alternatives Program (HAFA) helps homeowners exit their homes and transition to a more affordable living situation through a short sale or deed-in-lieu of foreclosure. HAFA provides a streamlined process and important protections for homeowners.  
  
Bookmark and Share
Last Updated: 1/30/2017 3:16 PM
Yes

Contact Us

Department of the Treasury
1500 Pennsylvania Ave., N.W.
Washington, D.C. 20220

General Information: (202) 622-2000
Fax: (202) 622-6415
Hours: Mon-Fri 8:00am - 5:00pm

Untitled 1
Untitled 1

E-Mail Signup

Sign Up to Receive Treasury.gov News src= Sign up to Receive
Treasury.gov News