home affordable: Enhanced HARP Program May Benefit Performing Borrowers - 10/31/11 12:05 PM
Modifications to the Home Affordable Refinance Program (HARP) due out November 15
For borrowers who haven’t been able to take advantage of today’s interest rate environment due to declining property values and erosion of equity, there may be hope yet. The Federal Housing Finance Agency (FHFA) just announced that it will expand eligibility for the Home Affordable Refinance Program (HARP) to include more Fannie Mae and Freddie Mac borrowers who have been timely in making payments, but may have very little equity or may already be under water. Industry experts estimate that the HARP program has benefitted around 900,000 borrowers to … (0 comments)