Obama HARP Program

03.16.2012

In 2009, the FHFA enacted the Obama HARP Program, known as the Home Affordable Refinance Program or HARP.  HARP is designed to provide mortgage relief to more borrowers and help support the still-fragile housing market.  The reach of the program will be extended beginning in March, 2012 by further relaxing LTV limits set by the original program. The [...]

HARP Loan Requirements

03.13.2012

Underwater homeowners will have access to refinancing, and lower rates,  thanks to new expanded guidelines under the HARP Loan Program.  The HARP loan requirements under HARP 2.0 (as it is called), further loosens the LTV requirement that makes refinancing otherwise impossible for many. Lenders will start having programs available in March 2012. Basically Fannie Mae and Freddie [...]

HARP Guidelines

03.11.2012

The Home Affordable Refinance Program, or more commonly known as HARP, was implemented under the Obama Administration, by the Federal Housing Agency along with Fannie Mae and Freddie Mac to help stabilize the U.S. Housing Market.  Its primary goal is  to help struggling homeowners to lower their monthly payments by refinancing at lower rates.  The [...]

HARP Extension

03.08.2012

Good news for underwater homeowners. The HARP refinancing program has been extended in scope to help an even larger number of American homeowners to save money. The initial HARP program helped many – providing a conduit to help them to refinance despite the lowered value of their home. The ability to refinance saves homeowners money and helps put [...]

HARP Refinance Guidelines

03.06.2012

In an effort to help a greater number homeowners, The Home Affordable Refinance Program HARP refinance guidelines have been loosened to the benefit of many strapped homeowners. The latest change to HARP was announced in October 2011, and substantially widens the number of borrowers who may benefit under the program. The new announcement allows for refinancing of Freddie [...]