harp: What is Home Affordable Refinance Program HARP
- 12/29/11 08:28 AM
WHAT IS Home Affordable Refinance Program (HARP)? If you're not behind on your mortgage payments but have been unable to get traditional refinancing because the value of your home has declined, you may be eligible to refinance through MHA's Home Affordable Refinance Program (HARP). HARP is designed to help you get a new, more affordable, more stable mortgage. HARP refinance loans require a loan application and underwriting process, and refinance fees will apply.
Eligibility: You may be eligible for HARP if you meet all of the following criteria: The mortgage must be owned or guaranteed by Freddie Mac or Fannie … (0 comments)
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)
WHAT IS Home Affordable Refinance Program (HARP)? 
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