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harp: Obama's Expanded Mortgage Relief. A Shell Game? - 10/26/11 12:09 PM
Even the headlines is a lie - 'Obama offers homeowners mortgage relief'.  The revamped Home Affordable Refinance Program (HARP) announced by President Obama on Monday, was actually the work of the FHFA, but lets not quibble about who takes the credit during this election cycle. It's not like the program will do enough good to matter anyway, in all likelihood. 
But one can always hope. At least the 11+ million of us with underwater mortgages can hope. Well, maybe some subset of those can hope. After all, the original HARP was supposed to provide relief for 5 million homeowners but in … (12 comments)

harp: FHA's Dave Stevens Talks. WE created the mess. THEY'll fix it. Oboy. - 04/19/10 06:47 PM
This morning we were treated to an hour long conference call with FHA Commissioner Dave Stevens, courtesy of NAR. Long-time readers know I'm a fan of Stevens, even got a nice comment from him on a blog I wrote last fall following his address at NAR. I think it's a good thing to have somebody in his position who actually knows real estate, knows what it takes to sell a house, get a mortgage, work a short sale, etc. As introduced this morning, they said it's 'refreshing to have someone who knows our industry.' I concur.
Stevens started his talk saying … (5 comments)