Home Affordable Refinance Program


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Home Affordable Refinance Program

A federal program in the United States allowing persons who are underwater on their home mortgages to refinance. Eligibility for HARP includes homeowners whose mortgages are owned by Freddie Mac or Fannie Mae and who are current on their payments. Additionally, the value of the mortgage cannot exceed 125% of the value of the home.
References in periodicals archive ?
The Home Affordable Refinance Program (HARP) is a federal refinance program to help responsible, underwater and near underwater homeowners refinance their mortgages to a lower rate.
Regions Bank (NYSE: RF) has set a goal in 2012 of providing more than $1 billion of relief to homeowners through the Federal Housing and Finance Administration's Home Affordable Refinance Program (HARP).
PHOENIX -- Arizona State Credit Union has accepted 167 applications for the Home Affordable Refinance Program (HARP) in its quest to help underwater homeowners obtain more affordable mortgages.
Have you heard of either, or both, of these government home lending programs a) Home Affordability Modification Program (HAMP) or b) Home Affordable Refinance Program (HARP)?
Refinance transactions dominate the production, boosted by the Home Affordable Refinance Program (HARP) and the lower rates.
Regions Bank (NYSE: RF) is reminding homeowners facing difficulties with their mortgages that there are a number of programs available to help keep them in their homes, including the expanded Home Affordable Refinance Program (HARP).
Litvin noted, the government created the Home Affordable Modification program (HAMP), the Home Affordable Refinance program (HARP) and other government sponsored programs to compensate the banks for helping financially troubled homeowners that cannot afford to pay their mortgages.
7, the Federal Housing Finance Agency (FHFA) released its July Refinance Report that said more than 519,000 loans had been refinanced through Fannie Mae and Freddie Mac since the start of this year using the Home Affordable Refinance Program (HARP).
Favorable mortgage rates combined with possible revisions to the federal Home Affordable Refinance Program (HARP) could inspire a new round of refinancing that might buoy title insurance order flow.
As stated, many experts are predicting a HAMP-like extension for the Home Affordable Refinance Program.
To address these low numbers, in 2009 the administration introduced the Home Affordable Refinance Program (HARP).
NYSE: RDN), today announced its continued support of the Home Affordable Refinance program (HARP).
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