Millions of underwater borrowers lowered their payments through HARP. Why are many of them leaving the program now?
Read More »HARP Refi Numbers Dwindling Despite FHFA’s Efforts
The Home Affordable Refinance Program (HARP) program was launched in 2009 to help homeowners save money on their monthly mortgage payments, but fewer and fewer eligible borrowers are taking advantage of it.
Read More »FHFA To Host Sixth HARP Outreach Event in Phoenix June 12
The FHFA stated in its first quarter refinance report that more than 31,000 borrowers nationwide refinanced through HARP in Q1, bringing the total number of borrowers who have refinanced through HARP up to more than 3.3 million since it was introduced in 2009 as part of the Making Home Affordable program.
Read More »FHFA Announces Extension of HARP and HAMP Until the End of 2016
The government's Home Affordable Refinance Program (HARP) and Home Affordable Modification Program (HAMP) will be extended until the end of 2016, according to an announcement from FHFA Director Mel Watt on Friday. Speaking at the Greenlining Institute 22nd Annual Economic Summit, Watt announced a one-year extension of HARP, which was set to expire at the end of this year. The one-year extension until the end of 2016 for HAMP was previously announced in July. Both of the government's affordable housing programs began in 2009 in response to the housing crisis.
Read More »HARP Modifications Dwindle; Overall Refi Activity Way Down
Monthly refinance numbers moved in fits and starts throughout 2014, bouncing between a low of 105,059 in March and October's year-to-date high—though the trend in the year's latter half was largely upward as mortgage rates fell to nearly 4.0 percent.
Read More »Refi Volume Rising While HARP Numbers Keep Falling
Low mortgage interest rates helped elevate refinance volumes throughout the third quarter as demand for the government's relief refinance program continued to diminish.
Read More »FHFA Schedules Fourth HARP Outreach Meeting for Miami on December 5
In an effort to sign more eligible homeowners up for the Home Affordable Refinance Program (HARP), the Federal Housing Finance Agency (FHFA) has scheduled its fourth HARP outreach event on December 5 in Miami.
Read More »HARP Volume Drops Despite Increase In Refinances
Declines in mortgage interest rates helped spur a pickup in refinances in August, even as interest in the Home Affordable Refinance Program (HARP) continues to wane.
Read More »HARP Refinancing Activity Continues Decline
In a recent release, the agency reported a combined total of 119,699 refinances were completed at Fannie Mae and Freddie Mac in July, slightly down from the figure reported for June. While low compared to the boom in recent years, refinance volumes over the last few months have shown more life than earlier this year as mortgage interest rates have hovered in the low 4.0 percent range.
Read More »FHFA to Stage HARP Outreach Meeting in Detroit
In an effort to sign more eligible homeowners up for the Home Affordable Refinance Program (HARP), the Federal Housing Finance Agency (FHFA) is holding its third HARP outreach event on October 2 in Detroit.
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