Items Tagged with 'Home Affordable Refinance Program'

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There’s less than 1 year left for more than 200,000 HARP eligible borrowers

Rates only project to increase
The deadline, while it has constantly moved, is quickly approaching for struggling borrowers to take advantage of the government’s Home Affordable Refinance Program. The Federal Housing Finance Agency is working extra hard to make sure it reaches every eligible borrower before the Sept. 30, 2017 deadline. This is the latest update on the program’s performance.
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Saying goodbye to HAMP isn’t the end for struggling homeowners

This is what the change means to Fitch Ratings
Dec. 31, 2016 marks the end of an important seven-year government program. The Home Affordable Modification Program launched to save struggling homeowners who are behind on their mortgage, and will soon come to an end. It’s not all downhill come Jan. 1 though. The New Year brings the start of a new system that can still be beneficial for all parties involved.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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