Making Home Affordable

<p>The Making Home Affordable program of the <a href="/facts/United_States_Department_of_the_Treasury/lDmua740">United States Treasury</a> was launched in 2009 as part of the <a href="/facts/Troubled_Asset_Relief_Program/oGtszDyw">Troubled Asset Relief Program</a>.  The main activity under MHA is the Home Affordable Modification Program.
</p><p>Other programs under MHA include:
</p>
<ul><li>Principal Reduction Alternative (PRA), assists homeowners with a <a href="/facts/Loan-to-value_ratio/qgQUYPY2">loan-to-value ratio</a> exceeding 115 percent.</li>
<li>Home Affordable Unemployment Program (UP), temporary <a href="/facts/Forbearance/EfWvzNfK">forbearance</a> for unemployed homeowners.</li>
<li>Second Lien Modification Program (2MP) provides a mechanism for servicers to modify second liens when a homeowner receives a first lien modification through HAMP.</li>
<li>Home Affordable Foreclosure Alternatives Program (HAFA), helps homeowners exit their homes and transition to a more affordable living situation through a short sale or <a href="/facts/Deed-in-lieu/JEQjkT56">deed-in-lieu</a> of <a href="/facts/Foreclosure/GN8aoeyl">foreclosure</a>.</li></ul>

Making Home Affordable open-in-new

Making Home Affordable