Items Tagged with 'Home Affordable Refinance Program'


What's after HAMP? MBA proposes loan modification program

"One Mod: Principles for Post-HAMP Loan Modifications"
With the end of both the Home Affordable Modification Program and the Home Affordable Refinance Program getting close, the government is working to come up with new refinance options for borrowers. The latest program proposal comes from the Mortgage Bankers Association. The MBA's Task Force revealed a program proposal on Friday that is designed to be successor program to the Home Affordable Modification Program.
Read More

The Fed’s true final push for #HARPNow?

HARP not over yet
But wait there’s more! The Federal Housing Finance Agency is trying one last time, or so we think, to capture the remaining 323,000 homeowners who could save an average of $2,400 per year through the Home Affordable Refinance Program. As a result, the agency revived its hashtag #HARPNow.
Read More

Moody's: Bond investors will also benefit from FHFA HARP replacement

Refi replacement will bolster GSE risk-sharing deals
The Federal Housing Finance Agency shook up the mortgage world recently when it announced not only that it planned to extend the Home Affordable Refinance Program for nine additional months, but also that it planned to replace HARP with a new mortgage refinance program. A new report from Moody’s suggests that the new refinance program is also beneficial to the investors that buy up some of the credit risk tied to the mortgages.
Read More

HARP extended into 2017; FHFA plans new refinance program

More than 300,000 homeowners still eligible for HARP
It's not over. Homeowners are yet again getting another chance from the Federal Housing Finance Agency to take advantage of the Home Affordable Refinance Program. The new deadline is now Sept. 30, 2017. But this time around, things are different.
Read More

CFPB: Best practices on how to continue loss-mitigation needs

Lessons from HAMP
Besides the start of a new year, Jan. 1, 2017 will also mark the first time since 2009 that the government’s Home Affordable Modification Program and Home Affordable Refinance Program will not exist. But now that the end date on these programs is rapidly approaching, government agencies are quickly reminding the industry of the loss-mitigation programs and options available. This includes the CFPB.
Read More

Obama administration presents a look at life after HAMP

Feds provide a preview of what's next
Time is ticking on the government's Home Affordable Modification Program and Home Affordable Refinance Program, as both will end on Dec. 31, 2016. In a comprehensive report published Monday, the Treasury, HUD, and the FHFA say that while these programs are set to end this year, the government plans to continue working with the mortgage industry on various loss mitigation programs moving forward, but caution that the industry needs to be prepared to do more.
Read More

Fed’s final push for HARP?

#HARPNow... and then maybe never again
The Federal Housing Finance Agency's Home Affordable Refinance Program is set to expire at the end of 2016. But before it does, the agency will try to reach as many people as possible that can still benefit. There are 367,600 people still eligible, and this new social media campaign should hopefully find them.
Read More

Fannie Mae celebrates 2 million HARP refinances

Marks milestone in mortgage relief efforts
Fannie Mae said Tuesday that it has now helped more than 2 million American households save money, reduce their interest rates, move into more stable loans or shorten their loan terms by refinancing their mortgages under the government’s Home Affordable Refinance Program.
Read More

FHFA: HARP now extended through 2016

Matches HAMP deadline
After industry rumors of an extension over the past year, the Federal Housing Finance Agency finally announced it is extending the Home Affordable Refinance Program until the end of 2016. Will this be the last extension for HARP and HAMP?
Read More