FHFA Extends HARP to 2015 Washington, DC – Federal housing finance agency (fhfa) today directed Fannie Mae and Freddie Mac to extend the home affordable refinance program (harp) by two years to December 31, 2015.
FHFA extends Home Affordable Refinance Program (HARP) to December 31, 2015 By Tony Sherman While home prices are on the rise in many real estate markets around the country, there are still homeowners who do not have enough equity in their homes to take advantage of today’s low mortgage rates.
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FHFA Extends HARP by 2 Years, Through 2015. The program, which will now expire on December 31, 2015, has assisted more than 2.2 million borrowers to refinance since its inception in April 2009, however nearly half of those homeowners have accessed the program in the last 15 months. Loans through the program were originally capped at an LTV.
The Federal Housing Finance Agency (FHFA) has extended the Home Affordable Refinance Program (HARP) through December 31, 2015. This program, utilized by over 2.8 million homeowners to date, was set to expire at the end of 2013.
Borrowers with mortgages backed by Fannie Mae or Freddie Mac will have until the end of 2015 to obtain new loans under. loans originated before June 1, 2009. HARP is “a useful tool for reducing.
· This was followed by the FHFA’s May 2015 announcement moving harp® deadline towards the later end of 2016. Now, it has moved the deadline once more. Who will benefit the new program? The FHFA caters to individuals who will meet the following requirements: Has not missed a payment within the past 6 months
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The Federal Housing Finance Agency on Thursday extended the government’s Home Affordable Refinance Program for an additional two years through 2015. The program was set to expire at the end of this year. Ed DeMarco, the acting FHFA director, said the program would allow more underwater borrowers.
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Other information is available at www.harp.gov. The FHFA estimates Illinois homeowners could save. The program was supposed to end at the end of 2015 but has been extended one year. Last quarter.
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This enables me to announce today that FHFA has decided to extend the Enterprises’ participation in the Home Affordable Modification Program (HAMP) and the Home Affordable Refinance Program (HARP) for an additional year, until the end of 2016.