homes affordable refinace program: Home Affordable Refinance Program Update - October 25, 2011 - 10/25/11 04:28 PM

 
Monday, changes were announced to the HARP Program.
Here are the highlights:
Mortgage loan must be owned/guaranteed and sold to Fannie Mae or Freddie Mac on or before May 31, 2009.  Click the links to use the 'loan lookup tool' for each agency.   FREDDIE MAC   OR   FANNIE MAE The 125% LTV cap has been removed.  Current LTV of loan must be over 80%. Homeowner cannot have missed any payments in the past 6 months and only 1 payment within the past 12 months. You may not have refinance, previously, under the HARP program. Changes to HARP are expected to … (0 comments)

 
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