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home affordable refinance: Certain Underwater Mortgages Eligible For Refinancing For 1 More Year-Program Extention - 03/14/11 09:52 PM
FHFA Extends Refinance Program By One Year
Washington, DC -- Federal Housing Finance Agency Acting Director Edward J. DeMarco has  announced an extension of the Home Affordable Refinance Program (HARP), a refinancing program administered by Fannie Mae and Freddie Mac, to June 30, 2012. The program was set to expire on June 30 of this year. In addition, Fannie Mae and Freddie Mac will make the following adjustments to their programs: Freddie Mac will exempt HARP loans from their recently announced price adjustments and Fannie Mae will conform their eligibility date to May 2009. The program expands access to refinancing for qualified … (2 comments)

home affordable refinance: Minnesota Homeowners With A Mortgage-review MHA- Making Home Affordable Program guidlines - 03/12/09 02:39 PM

This information was just provided to us in an email from MyCommunityMortgage.  It is an excellent summary of the new law regarding home ownership and the distressed home situation we are facing as a nation.
Making Home Affordable Program (MHA)

On March 4 the Treasury issued Uniform Guidance for two distinct and different programs under President Obama's "Making Home Affordable" plan which is the Administration's strategy to get the housing market corrected: The two programs include:
1.      Home Affordable Modification - Details can be found at: http://www.ustreas.gov/press/releases/reports/modification_program_guidelines.pdf.
2.      Home Affordable Refinance - Details can be found at: https://www.efanniemae.com/sf/guides/ssg/annltrs/pdf/2009/0904.pdf
http://www.freddiemac.com/singlefamily/service/mha_modification.html
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Patti Mazzara NMLS #333279

Edina, MN

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Venture Development Inc NMLS #373115

Address: 7300 France Ave S #410, Edina, MN, 55435

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Learn about the Twin Cities real estate, minnesota real estate, minnesota home financing, minnesota mortgages, FHA, VA, Reverse Mortgages, Debt Consolidation, refinancing, first time buyer programs, interest only loans, Edina, Minneapolis and St Paul. Visit our mortgage site at http://www.ventureloanapp.com or http://www.edinamortgage.com Patti Mazzara NMLS #333279 Venture Development NMLS #373115


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