Tag Archives: underwater

What is the HARP Program? Are you Eligible?

Posted on November 29, 2011 | Leave a comment

Home Affordable Refinance Program

The Making Home Affordable Program is part of the Obama Administration’s broad, comprehensive strategy to get the economy and the housing market back on track. The Making Home Affordable Program offers strong options for homeowners: (1) refinancing mortgage loans through the Home Affordable Refinance Program (HARP), (2) modifying first and second mortgage loans through the Home Affordable Modification Program (HAMP) and the Second Lien Modification Program (2MP), (3) providing temporary assistance to unemployed homeowners through the Home Affordable Unemployment Program (UP), and (4) offering other alternatives to foreclosure through the Home Affordable Foreclosure Alternatives Program (HAFA).

Read More at: http://www.makinghomeaffordable.gov/programs/Pages/default.aspx

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Posted in Mortgage Information

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New Rules Aim to Speed Refinancing

Posted on October 24, 2011 | Leave a comment

Federal regulators on Monday plan to unveil a major overhaul of an under-used mortgage-refinance program designed to help millions of Americans whose home values have tumbled.

The overhaul will, among other things, let borrowers refinance regardless of how far their homes have fallen in value, eliminating previous limits. That could open up refinancing to legions of borrowers in Nevada, Arizona, Florida, California and elsewhere who are paying high interest rates and are deeply “underwater,” owing more than their houses are worth. President Barack Obama is expected to tout the program in Las Vegas on Monday.

Read More at: http://finance.yahoo.com/loans/article/113695/home-lending-revamp-planned-wsj?mod=loans-home

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Posted in Real Estate

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