freddie mac: Obama HARP Refi Plan - Politics or real help? - 10/25/11 06:21 PM
Obama HARP Refi Plan - Politics or real help?
 
This seems to be more political rhetoric than real help to the bulk of the homeowners in difficulty.   It expands the existing program by taking off the high limit to refinance for underwater owners.  Until now, you could not refinance if you were under water by more than 125%.  Now you can, but only of you have a Fannie Mae or Freddie Mac loan from before 6/1/2009.
Pretty limiting increase but it looks great in the headlines.  Don't get me wrong, this will be a help to some people but it does nothing to … (4 comments)

 
Dennis and Sunshine Smith - REALTOR®, Making a Difference 4U in San Diego Real Estate (RE/MAX Connections)

Dennis and Sunshine Smith - REALTOR®

Making a Difference 4U in San Diego Real Estate

Carlsbad, CA

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