foreclosure alternative: Refinance while Underwater? HARP Expanded to Reach More Borrowers - 10/31/11 11:00 AM
A ray of hope has just been offered to some homeowners with properties that are seriously upside down, according to the California Association of Realtors. 
In order to help a broader range of distressed homeowners and offer relief to the housing market, the Federal Housing Finance Agency announced on Oct. 24 that the mortgage relief program HARP — the Home Affordable Refinance Program — has just been expanded.
Per FHFA, Fannie Mae and Freddie Mac have helped approximately 9 million families refinance into a lower cost or more sustainable mortgage product, approximately 10 percent of those via HARP. HARP is unique … (1 comments)

 

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