The same day that lawmakers deluged the GSEs and their regulator with criticism, Fannie Mae and Freddie Mac finally released guidelines Tuesday for lenders and servicers about modifications to the Home Affordable Refinance Program (HARP).
The Obama administration ended weeks of speculation when it announced the modifications – specific to HARP 2.0, as dubbed by the media – in October. Changes for the program included an end to the 125-percent loan-to-value ratio cap for refinancing homeowners, the elimination of risk-based fees for short-term borrowers, and an extension for HARP until December 2013. New guidelines … (0 comments)
HARP 2.0 has been Updated!
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