The FHFA says HARP will be extended by one more year

The Home Affordable Refinance Program, better known simply as “HARP” is to be extended into next year, Fannie Mae and Freddie Mac announced yesterday.

Five million homeowners could benefit from refinancing

Although interest rates have been at record lows for the last several years, a vast number of borrowers are yet to take action by refinancing their mortgages to enjoy cheaper monthly rates, CNBC News reports.

FHFA Director Insists: “HARP is not a Scam”

About 800,000 families across the country could benefit from the Home Affordable Refinance Program by lowering their monthly mortgage payments, but fear is keeping them away from the program

HARP 2.0 Helping More Homeowners To Refinance

The foreclosure crisis played havoc with real estate markets across the nation, yet some markets were clearly worse hit than others. Now, those areas that suffered the most are leading the nation in refinancings as homeowners look to reduced their monthly mortgage payements and hold onto their homes.

Banks Profiting from HARP Monopoly

A change in the rules of the government’s redesigned mortgage refinancing program HARP has led to an unexpected source of income for banks, which are expected to accrue around $12 billion from helping homeowners refinance their mortgages

The Responsible Homeowners Refinancing Act of 2012 Pushes for HARP 3.0

It’s not the HARP 3.0 rumored to be in the pipeline, but the Responsible Homeowners Refinancing Act of 2012 would boost HARP 2.0 and provide additional refinance relief for households struggling to make the mortgage payment.

Time To Call In The IRS To Stop The Foreclosure Crisis

The government’s attempts to “fix” housing, and stop the foreclosure crisis via various programs have failed miserably. We’ve seen a 7 trillion dollar loss in the value of the U.S. housing market, and trillions more spent for bank bailouts, yet home sales are down and foreclosures continue at record levels.

Obama Housing Rescue: Not Enough Life Jackets to Go Around

When government decides to dive into the water and rescue drowning homeowners, little thought is given to how so-called “bold” rescue plans will impact those who won’t be offered their very own bailout package. For instance, the Obama administration is bent on rescuing a core constituency: vulnerable, middle-class homeowners.

Fannie And Freddie Principal Reductions: Election Year Wrangling?

FHFA Regulator, Edward DeMarco, charged with oversight of mortgage giants Fannie Mae and Freddie Mac, is under heavy pressure from the Obama administration and Democrats in congress to allow reductions of mortgage principal for qualified borrowers.

Taxpayers On Hook As Government Insured Lending Spins Out Of Control

Even as government agencies settle mortgage and foreclosure related lawsuits, the Dodd-Frank legislation takes effect and the nation grapples with the fallout from the largest credit crisis in U.S. history, the truth is we’re no better off today than we were when this entire mess began to unravel back in 2007.

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