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Home | Tag Archives: HARP

Tag Archives: HARP

FHFA To Host Sixth HARP Outreach Event in Phoenix June 12

american-money

*+-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.

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FHFA Announces Extension of HARP and HAMP Until the End of 2016

refinance

*+-The government's Home Affordable Refinance Program (HARP) and Home Affordable Modification Program (HAMP) will be extended until the end of 2016, according to an announcement from FHFA Director Mel Watt on Friday. Speaking at the Greenlining Institute 22nd Annual Economic Summit, Watt announced a one-year extension of HARP, which was set to expire at the end of this year. The one-year extension until the end of 2016 for HAMP was previously announced in July. Both of the government's affordable housing programs began in 2009 in response to the housing crisis.

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HARP Refinancing Activity Continues Decline

mod-app-approved

*+-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.

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Total Refi Volume Inches Upward While HARP Numbers Decline

refinance

*+-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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