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Fed Study Points to Wisdom of Further HARP Enhancements
Economists have been debating the value versus risk of expanded refinancing opportunities since the early days of the housing crisis. Proponents argue that refinancing would free up homeowner money...
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Restructured HARP helping more underwater homeowners to refinance
In the Sacramento area, about 180,000 households, or roughly half of all homeowners with mortgages, owe more than their homes are worth. Many are stuck paying higher interest rates than today’s...
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HARP 2.0 Reaches 1 Million Milestone
Just a little over a year after the Home Affordable Refinance Program (HARP) was substantially revised into HARP 2.0 it has reached nearly as many homeowners as in the two-and-a-half years that...
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Rising Prices Slowly Eroding National Negative Equity
Rising home prices lifted 200,000 homes into a positive equity position in the fourth quarter of 2012. A total of 1.7 million homes regained equity during 2012 according to CoreLogic’s negative equity...
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HARP Continues to Attract Seriously Underwater Borrowers
Freddie Mac and Fannie Mae (the GSEs) refinanced a total of 97,589 mortgages through the Home Affordable Refinance Program (HARP) in January compared to 76,460 HARP refinances in December. Fannie Mae...
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Fee-laden FHA mortgages cost more than privately insured loans
The lending landscape shifted measurably this month when the standard-bearer for first-time buyers and low-to-moderate income borrowers became more expensive than its private business counterpart. On...
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Fannie Mae Turns to Marketing to Increase HARP Awareness
In an attempt to increase public knowledge about the availability of the Home Affordable Refinance Program (HARP) which has just been extended for another 2 years, Fannie Mae has created a selection of...
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Underwater Mortgages Drop to 9 Million as Home Prices Rise: Report
Rising home prices are helping pull more distressed borrowers from out of the water, according to the March Mortgage Monitor Report from Lender Processing Services(LPS). The number of underwater...
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5 Tips for Refinancing a Mortgage With Bad Credit
Refinancing your mortgage can save you hundreds of dollars a month and potentially tens of thousands of dollars over the life of a standard 30-year home loan. If you’re nervously watching interest...
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What can HARP do for you?
The Federal Reserve says American homes gained $2.3 trillion in value last year, a huge amount and evidence of growing home values. But while news on the real estate front is generally good, an...
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