According to a new report by Moody’s Investor Service, Freddie Mac loans refinanced under the Home Affordable Refinance Program will continue to outperform pre-crisis Freddie loans that did not enter the program, but will also continue to lag behind post-crisis ...
Read More »FHFA Makes a Push to Reach HARP-Eligible Borrowers in Program’s Final Months
For a program that was only supposed to be temporary, HARP is still going rather strong as the Federal Housing Finance Agency makes one final push to get more homeowners refinanced.
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 »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 »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 »Total Refi Volume Inches Upward While HARP Numbers Decline
The total number of mortgage refinances in the U.S. experienced a slight increase in June as mortgage rates dropped from May, according to the Federal Housing Finance Agency's (FHFA) Second Quarter 2014 Refinance Report. HARP-refinanced homes made up only about 15.7 percent of total refinances in Q2.
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