Items Tagged with 'Home Affordable Refinance Program'


  • HARP refis dwindling as homeowners gain equity

    Loan-to-value ratios continue to shrink
    The Home Affordable Refinance Program continues to shrink, making up just 1% of total refinance volume in the second quarter. And as the program grows closer to expiring at the end of this year, the FHFA shows there are still many borrowers eligible for a HARP refi.
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  • Freddie Mac: ACIS loss coverage reaches $10B

    Second ACIS transaction to cover losses on HARP loans
    On Friday, Freddie Mac announced it obtained a new insurance policy under its Agency Credit Insurance Structure, which will provide a combined maximum limit of up to approximately $294 million of losses on single-family loans made under the Home Affordable Refinance Program.
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  • Urban Institute: Here's how HARP gave a much-needed revamp to the refinance market

    And the entire housing finance system
    The number of times the government extended its Home Affordable Refinance Program from its original end date in 2013 is almost comical. However, there’s good intention behind each extension. According to a new blog from the Urban Institute, not only has the government refinance program saved borrowers billions of dollars, but it has also created a better foundation for refinancing government loans going forward.
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  • Wells Fargo: Here’s the impact of HARP extension, GSEs’ new high-LTV refi program

    Eligibility rules of refi program will limit scope
    After several delays, the government’s crisis-era Home Affordable Refinance Program was finally set to expire next month, until the Federal Housing Finance Agency announced Thursday that it’s extending the HARP deadline until the end of 2018. So what’s the impact of the change? Not much, unless there’s another housing crisis, Wells Fargo said in a new report.
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  • FHFA: HARP extended through 2018

    Refinance program previously set to end next month
    The government’s Home Affordable Refinance Program was all set to end next month, September 30, to be exact, but that’s not the case anymore. The Federal Housing Finance Agency announced Thursday that it is extending HARP through Dec. 31, 2018, adding an additional 15 months onto the program’s already extended lifespan.
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  • Fannie, Freddie replace HAMP with new foreclosure prevention program

    Say hello to the Flex Modification foreclosure prevention program
    Fannie Mae and Freddie Mac finally revealed a program on Wednesday that will replace the Home Affordable Modification Program. The government sponsored enterprises announced the Flex Modification foreclosure prevention program, which is designed to help America’s families by offering reductions to their monthly mortgage payments.
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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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