Category: Home Affordable Refinance Program

HARP Refinancing Reduces Monthly Payments

Refinancing volumes remain high for the Home Affordable Refinance Program (HARP). With media spreading the word to homeowners that are paying high rates, many homeowners are benefiting from the HARP 2.0 program updates. HARP 2.0 Home Affordable Refinancing The Home Affordable Refinance Program (HARP) was announced by the Obama administration near the end of 2009 as way… Read more »

FHFA EXTENDS HARP REFINANCING THROUGH 2015

The Home Affordable Refinance Program (HARP) has been extended again and will no longer expire on the original date of December 31 of 2012. Federal Housing Finance Agency (FHFA) has announced the extension of the program designed for homeowners that have been unable to refinance due to their underwater mortgages. The extension was announced to continue the… Read more »

MSHDA Grant Money Running Low

 MSHDA first time home buyer grant money is running low for those looking to purchase homes in Michigan.  With the program’s inception only a couple of months ago, funds are already running low for buyers purchases homes using the national mortgage settlement grant funds. The current balance as of March 19th, 2013 is at $4,771,560… Read more »

HARP Refinancing Beat 2012 Estimates

HARP refinancing beat 2012 estimates with nearly 1.1 million loans closed last year.  Fannie Mae and Freddie Mac released a report for the Federal Housing Finance Agency confirming last year totaled nearly half of the 2.2 million loans completed since the HARP program was announced in 2009.The majority of homes were primary residences with 1.89 million… Read more »

UNLIMITED LTV FREDDIE MAC HARP REFINANCE IS HERE!

Unlimited LTV Freddie Mac HARP refinancing through the Open Access Refinance Program.  HARP Open Access assists borrowers who are making timely mortgage payments, but have been unable to refinance due to declining home values. The program helps home owners to better their financial positions for successful, long-term, home ownership. The program has recently been adjusted to allow… Read more »

WHAT TO EXPECT FROM MORTGAGE AND HOUSING in 2013

Here we are already into the halfway point of February.  My how time flies when you are having fun.  Now that we have one and half months of data we can start to figure out what is going on in the 2013 housing market.  Are we picking up steam or are we losing ground.  This… Read more »

MORTGAGE STEALTH STIMULUS | COMPLIMENTS OF FANNIE, FREDDIE AND THE OBAMA ADMINISTRATION

The Obama Administration is planning to launch yet another mortgage refinance program in the new year. This program is going to target subprime borrowers, who are current on their loans but underwater with these loans, extending government support to the mortgage market to yet another borrower group. The timing raises the question of why this… Read more »

THE FISCAL CLIFF AND MORTGAGE RATES

EXPERTS CONCERNED ON WHAT FISCAL CLIFF MEANS FOR MORTGAGR RATES We can’t get through the end of the year without more drama coming from Washington and there more financial market drama.  The talk of the Fiscal Cliff has put shock waves in the markets and caused much uncertainty.  Whenever there is financial uncertainty rates start… Read more »