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Articles tagged with: HARP

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[26 May 2012 | No Comment | 4,767 views]
HARP 2.0. giving refinancing a boost

Back in November, the Federal Housing Finance Agency, Fannie Mae and Freddie Mac announced new guidelines for the Home Affordable Refinance Program (HARP).
Why? The original HARP program – which was set up close to three years ago to help home owners refinance their mortgages – wasn’t as effective as hoped. Less than 1 million home owners benefitted from the original HARP and that had a lot to do with declining property values in a lot of markets. The original program required home owners wanting to refinance to owe no more …

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[10 Dec 2011 | 2 Comments | 7,804 views]
HARP 2 launches, Better Business Bureau warns of scams

It seems whenever a new government program is launched with the goal of helping consumers, scammers show up and start working to rip off people who are looking for financial relief.
For awhile, we had to endure a bunch of Internet chatter from scam artists promising to tap into stimulus money from the government and offer “personal bailouts” to consumers (for a fee, of course). We’ve seen bogus credit counseling schemes, mortgage refinancing scams and, well, just a number of things floated out there people wanting to take consumers’ hard earned …

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[27 Nov 2011 | No Comment | 2,595 views]
Geting ready for ‘HARP 2.0′

On Nov. 15, the Federal Housing Finance Agency, Fannie Mae and Freddie Mac announced new guidelines for to the Home Affordable Refinance Program (HARP) in hopes of helping more struggling homeowners take advantage of lower interest rates and secure affordable mortgage payments.
The so-called “HARP 2.0” is an extension and expansion of the program that is a little over two years old and hasn’t helped as many home owners as expected. Indeed, HARP has helped less than 1 million homeowners since it was launched and that, in large part, is due …

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[18 Sep 2011 | One Comment | 2,994 views]
Obama explores refinancing — again

On Sept. 8, President Barack Obama made some references to revisiting the issue of making refinancing options available to home owners who are struggling with their mortgages.
We’ve heard such talk before and the result was the Home Affordable Refinance Program (HARP), which was put in place a few years ago in hopes of giving people with mortgages backed by Fannie Mae and Freddie Mac a way to refinance at lower rates. That program has helped fewer people than federal officials hoped in that approximately 883,000 home owners have been helped …

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[17 Mar 2011 | No Comment | 2,705 views]
HARP extended to 2012

Last month, the national Mortgage Bankers Association was out lobbying for the extension of the Home Affordable Refinance Program (HARP).
The group got its wish. The Federal Housing Finance Agency (FHFA) announced this week that HARP will be extended for one year to June 30, 2012. What is HARP? Simply put, it’s a program set up to allow people who are in danger of falling behind on their mortgages (and fretting over the potential of a foreclosure) to refinance. You can read up on HARP and its companion program — the …

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[27 Feb 2011 | 10 Comments | 8,251 views]
Mortgage Bankers ask for HARP extension

The Home Affordable Refinance Program (HARP) is set to expire at the end of June and the national Mortgage Bankers Association has asked the Federal Housing Finance Agency (FHFA) to extend it until the end of 2012.
What is HARP? Simply put, it allows home owners who are current on their mortgages – but worried about falling behind on them – to refinance their loans and bring down their house payments. HARP is not to be confused with the Home Affordable Modification Program (HAMP), which is designed for home owners who …