All posts tagged HARP


HAMP, MHAP programs extended through 2015

The Obama Administration has announced an extension, through December 31, 2015, on its successful Making Home Affordable (MHAP) Programs, including other provisions of the Home Affordable Modification Program.

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Q&A: What is the ‘Qualified Mortgage’ rule?

The Qualified Mortgage (QM) rule, also called the "Ability To Repay" rule, is the first-ever attempt at defining and establishing qualifying standards for borrowers applying for mortgage loans.  Under


Infographic: President Obama harps on HARP 3.0

"It’s a plan that has the support of independent, nonpartisan economists and leaders across the housing industry, but Republicans in Congress worked to keep it from even getting


Fannie Mae tightens underwriting rules for condo, refinance loans, borderline borrowers

Fannie Mae is putting the squeeze on underwriting guidelines this fall, making it tougher for some condo, borderline and refinancing borrowers to land a home loan. Effective Oct. 20,


New HUD document mother-of-all mortgage relief program brochures

The U.S. Department of Housing and Urban Development's (HUD) National Mortgage Settlement (NMS) outreach campaign is virtually a one-stop shopping center for anyone struggling with their mortgage. Appearing to


Special HARP-, HAMP-like programs reaching rural America

You could call these special refinance and mortgage modification programs from the U.S. Department of Agriculture (USDA) "HARP and HAMP For The Boonies" - if you consider "boonies"


Columbia Business School: HARP 3.0 could benefit 13 million homeowners, jolt the economy

The HARP 3.0 bill, slowly making its way through Congress, could help at least 13 million households refinance, save them an average $3,000 a year and help them


President Obama’s HARP 3.0: Streamlined refinancing for all

If it was up to President Obama, along with mortgage bailouts for those behind on their mortgage, every homeowner who has been paying their mortgage on time should


‘U.S. Senate Bill 3085 is the rumored HARP 3.0

Rumors of a HARP 3.0 were not greatly exaggerated. The rumors have panned out as legislation called the "Responsible Homeowner Refinancing Act of 2012." If passed, the act would


Responsible Homeowners Refinancing Act of 2012: HARP 2.5, not HARP 3.0

It's not the HARP 3.0 rumored to be in the pipeline, but the Responsible Homeowners Refinancing Act of 2012 would give HARP 2.0 a boost and provide additional


Con artists leeching off new, improved federal mortgage and foreclosure relief programs

It's not just the National Mortgage Settlement's promise of restitution for those abused by foreclosure tactics that's drawing swindlers out of the woodwork. Double-dealers trying to hustle already victimized


Most consumers don’t have a clue about HAMP, HARP

Recent enhancements to government programs designed to bail out more underwater homeowners and save others from foreclosure could be lost on millions of Americans. Most consumers don't even know


Strategic defaults on the rise, unfortunately

Apparently, homeowners aren't getting the message that strategic defaults are anything but strategic. A growing number of homeowners say, even if they can afford to make mortgage payments, they


Obama budget proposes Mortgage Debt Relief Act extension

The Mortgage Debt Relief Act (MDRA) of 2007 is getting a vote of confidence from the Obama Administration. And that could save you tens of thousands of dollars. (Update: "Congress


Improved HARP music to ears of more homeowners

The new and improved Home Affordable Refinance Program (HARP) is spreading a wider net for struggling homeowners previously unable to take advantage of the federal program. With refinancing rates

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