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HARP Update 9/12/12

Filed in HARP Program Updates by on September 19, 2012 0 Comments
HARP Update 9/12/12

HARP Update 9/14/12: Fannie Mae and Freddie Mac recently loosened their HARP guidelines in order to allow even more people to qualify for the program. Formerly, borrowers needed to have their income(s) verified and needed to meet certain debt-to-income (DTI) ratios in order to qualify for HARP. Now, those DTI requirements have been waived in […]

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HARP 2.0 Applications Surge

Filed in HARP Program Updates by on April 19, 2012 1 Comment
HARP 2.0 Applications Surge

According to a recent article in National Mortgage News, the five largest mortgage servicers have seen approximately 400,000 applications for refinancing under the new program: “The 2.0 version of the HARP program is off to a strong start with the nation’s five largest servicers gobbling up applications, HUD secretary Shaun Donovan told a Mortgage Bankers […]

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HARP 2.0 is Kicking Into Gear

Filed in HARP Program Updates by on March 28, 2012 1 Comment
HARP 2.0 is Kicking Into Gear

Ever since HARP 2.0 was announced by the Obama Administration back in November, underwater homeowners have been waiting to see if the program would provide much needed relief in the form of lower monthly home payments. Nearly four months later, it appears that HARP 2.0 is kicking into gear. The new version of HARP is […]

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New HARP Program Could Help More Than 6.7 Million Borrowers

Filed in HARP Program Updates by on February 29, 2012 0 Comments
New HARP Program Could Help More Than 6.7 Million Borrowers

February 7, 2012 According to a new study from DataQuick, the updates to the Home Affordable Refinance Program (the updated program is commonly referred to as HARP 2.0) could help as many as 6.7 million borrowers with loan-to-value ratios of more than 125% refinance their mortgages As many as 13.8 million mortgages may meet be […]

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HARP 2.0 Could Help More Than 1.6 Million Underwater Homeowners Refinance Their Mortgages

Filed in HARP Program Updates by on February 29, 2012 0 Comments
HARP 2.0 Could Help More Than 1.6 Million Underwater Homeowners Refinance Their Mortgages

January 4, 2012 HARP 2.0 Could Help as More than 1.6 Million Underwater Homeowners Refinance Their Mortgages: Frank Nothaft, Chief Economist for Freddie Mac recently said that the new version of the Home Affordable Refinance Program (HARP 2.0) could potentially help more than 1.6 million homeowners to refinance their homes at today’s mortgage rates. Rates […]

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Fannie and Freddie Release Updated Guidelines For HARP

Filed in HARP Program Updates by on February 29, 2012 1 Comment
Fannie and Freddie Release Updated Guidelines For HARP

On November 15, 2011, Fannie Mae and Freddie Mac released updated guidelines for the newest version of the Home Affordable Refinance Program. The updates are designed to help as many as one million homeowners refinance at today’s low mortgage rates. It appears that many lenders are going to participate in the program, although we won’t […]

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Federal Housing Finance Agency Announce Changes To HARP

Filed in HARP Program Updates by on February 29, 2012 4 Comments
Federal Housing Finance Agency Announce Changes To HARP

On October 24, 2011, the Federal Housing Finance Agency announced that it is making a series of changes to the Home Affordable Refinance Program (HARP). The changes are intended to allow even more underwater homeowners refinance under HARP. The biggest change is the elimination of the 125 LTV ceiling on HARP loans. This means that […]

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