harp lenders: Is a HARP 3.0 Refinance Program cooming soon? - 12/12/13 03:37 AM
A new evolution of the HARP refinance program MAY soon be upon us. HARP 3.0 looks like it’s going to gain headway and make it’s way to the streets since Mel Watt was just confirmed as the new head of the FHFA.
HARP loans in MN (Home Affordable Refinance Program) have been one of the few programs to really assist homeowners since the real estate market collapse.
The current program allows homeowners who have a loan owned by Fannie Mae of Freddie Mac to refinance to today's lower rates, even if they've lost value on the home, or are actually underwater … (0 comments)

harp lenders: HARP 3 refinance coming soon? - 02/08/13 10:40 PM
Minneapolis, MN: As anticipated, Democratic Sens. Robert Menendez, NJ, and Barbara Boxer, CA, this week reintroduced a bill that could spur more refinances.
The Responsible Homeowner Refinancing Act, (AKA HARP 3) among other things, has a stated goal of relaxing requirements for borrowers to refinance and would extend the Home Affordable Refinance Program (HARP) for an extra year through 2014.  It is currently set to expire December 31, 2013.
Currently, the HARP Refinance program only allows people who have a loan owned by Fannie Mae or Freddie Mac to refinance an underwater home.  HARP 3 would allow ALL underwater homes to … (0 comments)

harp lenders: HARP 2 refinance program in MN and WI - Have lenders finally figured it out? - 07/18/12 10:40 PM
HARP 2.0 refinance program details in MN and WI.
St Paul, MN: The much anticipated revised HARP Refinance Program (HARP 2) has now been in effect for a few months, making it much easier for underwater home owner to refinance their mortgage into today's low mortgage rates.
The two biggest guideline changes from HARP to the new HARP 2 program include the POSSIBILITY of unlimited Loan-to-Value and the POSSIBILITY to refinance even if you have Private Mortgage Insurance (PMI). This opens up financing opportunities for seriously upside home owners who have kept up with their current mortgage obligations.
As with many … (0 comments)

harp lenders: Who owns my mortgage loan? - 03/11/12 10:56 PM
Who owns my loan? Minneapolis, MN: Until recently, no one really needed to know, and no one really cared who ultimately owns their mortgage loan. Home owners simply receive their monthly statements, and make their monthly payments to their mortgage company or loan servicer.
There are many program to assist homeowners, including the improved HARP 2, the Home Affordable Refinance Program, which require the loan be owned by Fannie Mae or Freddie Mac, so it is very important to know who, and if they own your mortgage loan.
There are usually a few people involved in your loan process:
The Originator: … (0 comments)

harp lenders: Why you should wait until April to get a HARP 2.0 Loan - 02/26/12 09:26 PM
Why you should wait until April to get a HARP 2.0 Loan
Just a few years ago, consumers with weaker credit getting a conforming mortgage loan (one designed to be sold to Fannie Mae or Freddie Mac) got a great deal.  If you barely qualified with a low 620 credit score, you got the exact same rate as someone with an excellent 800 credit score.
When the mortgage markets collapsed and the housing agencies started hemorrhaging cash, they instituted new fee policies known as Loan Level Pricing Adjustments (LLPA) and Adverse Market Delivery Charges (AMDC) as a means to fix their … (2 comments)

 
Joe Metzler, Sr Loan Officer (Cambria Mortgage)

Joe Metzler

Sr Loan Officer

Saint Paul, MN

More about me…

Cambria Mortgage

Address: 33 Wentworth Ave E #290, Saint Paul, MN, 55118

Mobile: (651) 705-6261

Office: (651) 552-3681

Mortgage industry news and insights from a 15+ year industry expert. Mortgage are Real Estate News You Can Use. Joe is a Certified Minnesota Mortgage Specialist, who provides home mortgage loans not only in the Minneapolis, St Paul area, but all of Minnesota and Wisconsin.


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