Latest data from the Federal Housing Finance Agency gives insights into the refinancing program of the GSEs and the numbers that matter.
Read More »Refis at Fannie, Freddie Decline in Q2
In its quarterly refinance report, the FHFA revealed that refinances at the GSEs had decreased in the second quarter. However, borrowers are still applying through HARP, a program that is scheduled to expire on December 31, 2018. Here's why.
Read More »HARP Loans Continue Outperforming Pre-Crisis Mortgages
According to a new report by Moody’s Investor Service, Freddie Mac loans refinanced under the Home Affordable Refinance Program will continue to outperform pre-crisis Freddie loans that did not enter the program, but will also continue to lag behind post-crisis ...
Read More »Refinance Volumes Increased in November 2017
More borrowers refinanced through FHFA’s HARP program in November on the back of mortgage rates that remained lower in October 2017, according to an FHFA report.
Read More »Fourth Time’s the Charm?
The FHFA has extended the deadline for HARP three times, but Thursday they extended it once more. Will this be the last time, or are there still more homeowners to help?
Read More »HARP Refinances Recover from Previous Spike
The drop in HARP refinance volume follows a spike in Q3 and Q4 2016. The FHFA reports that borrowers completed 13,425 refinances through the Home Affordability Refinance Program (HARP) in Q1 2017, bringing the total amount of HARP refinances to 3,461,096. Of all refinances that quarter, HARP represented 3 percent.
Read More »FHFA Reports Drops In Refinances
According to a report from the Federal Housing Finance Agency, total Refinance volume has dropped as mortgage rates have risen. In February 2017, borrowers completed 4,198 refinances through HARP, and since HARP’s inception in 2009, the program has made 3,456,422 refinances. HARP represented three percent of total refinance volume, and six percent of loans refinanced through HARP had a loan-to-value ratio greater than 125 percent.
Read More »Refinance Volume Down As Rates Increase
According to the report, approximately 13,220 refinances were completed through HARP, bringing total refinances through HARP from the inception of the program to over three million.
Read More »HARP Extended; FHFA Offers High LTV Refi Option
The Federal Housing Finance Agency (FHFA) announced on Thursday it will be extending its Home Affordable Refinance Program (HARP) until September 30, 2017.
Read More »FHFA Makes a Push to Reach HARP-Eligible Borrowers in Program’s Final Months
For a program that was only supposed to be temporary, HARP is still going rather strong as the Federal Housing Finance Agency makes one final push to get more homeowners refinanced.
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