(BPT) - When the federal Home Affordable Refinance Program (HARP) launched in 2009, millions took advantage, but many other homeowners found they couldn’t qualify to refinance their underwater ...
A Fannie Mae loan program to help low-equity homeowners refinance was paused in January 2023, five years after it replaced the federal government’s HARP refinance. In March 2009, the federal ...
In the wake of the subprime mortgage crisis and economic downturn of 2008, millions of U.S. homeowners saw the value of their homes — and their overall wealth — decline drastically. One of the steps ...
Borrowers completed nearly 4,000 refinances in October through the Home Affordable Refinance Program (HARP), according to new data from the Federal Home Finance Agency (FHFA). This represented two ...
Refinancing through the revised Home Affordable Refinancing Program (HARP 2.0) grew to a 33 percent share of all Fannie Mae and Freddie Mac refinancing in June, surging from the 20 percent share the ...
Total refinances through completed through Freddie Mac and Fannie Mae (the GSEs) in the second quarter topped 344,000. The Federal Housing Finance Agency (FHFA) said that Fannie Mae accounted for ...
To qualify, homeowners are allowed only one late payment in the past 12 months. But even this late payment is only allowable if it happened seven to twelve months ago. There should have been be no ...
The Home Affordable Refinance Program (HARP) is a Federal refinance program initiated in 2009 and targeting underwater homeowners. It is designed for homeowners who are current in their mortgage ...