Jason updated his HAFA Short Sale presentation and was kind enough to share it with us on 4/15/2010. We’ve got his presentation video below as well as a copy of his slides.

        

The FHA is now jumping on board the principal reduction train and is about to issue new HAMP guidelines which will encourage principal reductions with lenders who voluntarily participate.  The Government’s goal is said to stabilize the housing markets.

        

CNBC spoke about Bank of America’s write down of principal on mortgage loans.  BOA will target subprime pay-option ARMs and certain 2 year hybrid ARMS where the loan is worth more than the value of the home.   No 30 year