The Federal Housing Finance Agency announced that it will extend the Home Affordable Refinance Program (HARP) until December 31, 2015. HARP has helped more than two million homeowners seek relief with an estimated ten million home owners still underwater. […]
September 7, 2011 (Jeff Alan) Loan modifications made by Fannie Mae and Freddie Mac declined for the fourth consecutive quarter as foreclosure prevention actions under the governments HARP program exceeded those under HAMP according to the Federal Housing Finance Agency’s (FHFA) Second Quarter Foreclosure Preventions and Refinance Report. […]
June 7, 2011 (Jeff Alan) Loan modifications made by Fannie Mae and Freddie Mac declined for the third consecutive quarter as more homeowners who receive a loan modification are seeing a deeper payment reduction which is leading to improved loan performance according to the Federal Housing Finance Agency’s (FHFA) First Quarter Foreclosure Preventions and Refinance [...]
March 14, 2011 (Shirley Allen) The Federal Housing Finance Agency (FHFA) announced that it will extend the Home Affordable Refinance Program (HARP) until June 30, 2012. Acting Director Edward J. DeMarco also announced in the press release that HARP loans would be exempt from the recently announced price adjustments and that Fannie Mae has changed [...]
March 7, 2011 (Jeff Alan) According to the Federal Housing Finance Agency’s (FHFA) Foreclosure Prevention and Refinance Report, the number of loan refinancings processed through the government's Home Affordable Refinance Program (HARP) grew by 30 percent in the fourth quarter of 2010. A total of 57,000 mortgages were refinanced under the government program during the [...]
February 11, 2011 (Shirley Allen) The Mortgage Bankers Association (MBA) has submitted a letter to Edward DeMarco, Acting Director of the Federal Housing Finance Agency (FHFA), calling for an extension to the Home Affordable Refinance Program (HARP) along with improvements to some of the guidelines contained within the program. Read more...
January 4 2011 (Jeff Alan) CoreLogic has released a third quarter update to its annual Mortgage Fraud Trends Report revealing that mortgage fraud continues to rise since its lowest levels in 2009. Most of the increased fraud risk is attributed to the Federal Housing Authority (FHA) and the Home Affordable Refinance Program (HARP) and while [...]
