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Articles tagged with: home affordable refinance program

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[17 Mar 2011 | No Comment | 2,645 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 …

Business, News, Real Estate »

[27 Feb 2011 | 10 Comments | 8,144 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 …