HARP 2.0 Has Doubled Number of Refinances
The Federal Housing Finance Agency (FHFA) announced that an excess of 180,000 mortgages were refinanced in the first quarter of 2012 thanks to the government’s Home Affordable Refinancing Program or...
View ArticlePaper Suggests Lower GSE Fees May Pay Off in Reduced Defaults
The Federal Reserve Bank of New York recently released a paper that looked at the impact of HARP revisions on loan defaults and pricing. The paper, Payment Changes and Default Risk: the Impact of...
View ArticleSenators Reintroduce Bill to Expand HARP to Homeowners with Equity
Two U.S. Senators have reintroduced a bill which aimed at giving Freddie Mac and Fannie Mae (the GSEs) financed homeowners with equity the some opportunity to refinance as currently enjoyed by...
View ArticleRising Prices Lifting all Boats but Millions still Submerged
Almost a quarter of U.S. homeowners with a mortgage are still underwater after the rapid plunge of house prices that started in 2007, however more and more of those homeowners are seeing their equity...
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