Tag: existing mortgage

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Home Affordable Refinance Program (HARP) changes

Home Affordable Refinance Program The Federal Housing Finance Agency has announced a series of changes to the Home Affordable Refinance Program (HARP). This is an effort to help some borrowers refinance their underwater home mortgage. Borrower Eligibility: The existing mortgage must have been sold to Fannie Mae or Freddie Mac on or before May 31, […]

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News: FHA to Refinance “Underwater” Homeowners

FHA PRESS RELEASE FHA LAUNCHES SHORT REFI OPPORTUNITY FOR UNDERWATER HOMEOWNERS Effort designed to encourage principal write-downs for responsible borrowers WASHINGTON – In an effort to help responsible homeowners who owe more on their mortgage than the value of their property, the U.S. Department of Housing and Urban Development today provided details on the adjustment […]

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