harp: Industry Pushes for Extension of Admin's Refinance Program
- 02/27/10 08:54 AM
The Obama administration’s Home Affordable Refinance Program (HARP) is set to expire on June 10. It’s a central component of the federal government’s foreclosureprevention efforts and is currently one of the only mortgage relief programs to help underwater borrowers refinance into more affordable loans.With the sunset date looming, several industry trade groups have joined forces to urge the Treasury Department and the Federal Housing Finance Agency (FHFA) to extend HARP for another year, and they say a decision needs to be made by March 10 to minimize further disruptions to housing markets and prevent foreclosures on creditworthy borrowers.Joining the Mortgage Bankers … (0 comments)
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The Obama administration’s Home Affordable Refinance Program (HARP) is set to expire on June 10. It’s a central component of the federal government’s foreclosureprevention efforts and is currently one of the only mortgage relief programs to help underwater borrowers refinance into more affordable loans.With the sunset date looming, several industry trade groups have joined forces to urge the Treasury Department and the Federal Housing Finance Agency (FHFA) to extend HARP for another year, and they say a decision needs to be made by March 10 to minimize further disruptions to housing markets and prevent foreclosures on creditworthy borrowers.Joining the Mortgage Bankers … (0 comments)
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