changes to harp: CHANGES TO FEDERAL LOAN PROGRAMS
- 10/27/11 03:44 AM
In the latest attempt to address the ailing housing market, the government on Monday announced changes to a federal program that will make it easier for struggling homeowners to refinance to today's near-record low rates.
Under the new program, homeowners who owe more on their homes than they are worth will be able to refinance no matter how much they are underwater, as long as they are current on their payments.
More than 1 million homeowners could get cheaper mortgages as a result, officials estimated.
The revamped Home Affordable Refinance Program (HARP) will also streamline the … (0 comments)
In the latest attempt to address the ailing housing market, the government on Monday announced changes to a federal program that will make it easier for struggling homeowners to refinance to today's near-record low rates. 
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