Archive for November, 2011

Is there finally help for underwater homeowners to refinance?

Is there finally help for underwater homeowners to refinance?

The Federal Housing Finance Agency (FHFA), along with Fannie Mae and Freddie Mac, announced a series of changes to the Home Affordable Refinance Program (HARP) last week. FHFA is hopeful that the changes being implemented will help more homeowners refinance their underwater mortgages. HARP is currently the only refinance program that enables borrowers who owe more than their home is worth to take advantage of low interest rates and other refinancing benefits. The program is offered to borrowers whose loans ...

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