Here’s why the FHFA is not a fan of principal reduction

Before you judge Dodd-Frank...

Urban Institute: "Can we really calculate the cost?"

Goldman Sachs: When will our kids move out?

Nearly half of California millennials still with parents

Items Tagged with 'HARP'


Here's how HARP misses the mark

5 years later and steady rate declines
July 9, 2014
While HARP is there to help the borrowers that were reliable during the financial crisis, there is one big problem in the program.
Read More

HARP remains set to expire in 2015

Rumors of extensions doused
July 8, 2014
Respite industry speculations, Federal Housing Finance Agency Director Mel Watt did not extend the Home Affordable Refinance Program Tuesday.
Read More

HARP to extend until 2016?

Falls in line with HAMP
July 7, 2014
At the end of June, U.S. Treasury Secretary Jacob Lew announced the extension of HAMP until at least Dec. 31, 2016. Now there is debate over whether or not the same extension will be applied to HARP.
Read More

FHFA: Are you eligible for HARP?

Chart shows massive amount of eligible borrowers left
June 25, 2014
In the first quarter of 2014, the number of mortgages refinanced through the program was 76,930. Meanwhile, in the state of Florida alone, there are 82,435 loans eligible for HARP now. But the FHFA is quickly shifting into overdrive to change this.
Read More

Did HARP fail 8 million homeowners?

President's "big deal" headed for a big flop
May 28, 2014
In his 2012 State of the Union address, President Barack Obama hinted at expanding HARP to include non-Freddie Mac and Fannie Mae loans. The plan could help more than 11.4 million borrowers refinance and save an average $3,000 a year on mortgage payments. It never happened.
Read More

Timothy Geithner tries to spin White House housing efforts

But even progressive media aren’t buying what he’s selling
May 19, 2014
Former Treasury Secretary Timothy Geithner said that the Obama Administration “tried to do as good a job as we could in our limited authority.” For critics on both the right and left, the White House's best wasn't good enough.
Read More

Fewer mortgage defaults drive MGIC profit

Expenses are also down at mortgage insurer
April 22, 2014
"I feel the company is in an excellent position to take advantage of the housing recovery," said Curt Culver, CEO of MGIC.
Read More

Fannie Mae releases HARP consumer solicitation materials

April 2, 2014
The materials invite consumers to reach out to the lenders for refinancing options and the opportunity of monthly savings.
Read More

Scorecard: Housing still wears Great Recession scar

Officials still remain cautious
March 7, 2014
Although the housing economy posted strong results, with the purchase of new homes rising and foreclosure completions continuing to drop, officials still caution that the economy is still healing from the Great Recession.
Read More

Originations, refinanceable population both go nose down

Black Knight's report details the why
March 4, 2014
Black Knight Financial Services' “Mortgage Monitor Report” observed a general decline in the overall “refinancible” population of both traditional and HARP-eligible borrowers, and a 60% decline in originations.
Read More