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Obama Administration: Millions to Get Refinance at Favorable Terms
Most were expecting the President to announce a breakthrough in the AG negotiations with the major lenders over robo-signing in his State of the Union. That announcement did not come. Instead the...
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Progress Being Made to Expand HARP
If the Responsible Homeowner Refinancing Act of 2012 is adopted the Home Affordable Refinance Program will be able to offer refinancing options to millions more homeowners with underwater mortgages....
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Freddie Mac Likes What It Sees In the Economy
Frank Nothaft, Freddie Mac vice president and chief economist, believes most of the economic trends are moving in the right direction, if somewhat slowly. Nothaft’s observations were made in the May...
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HARP Almost Doubles Refinancing in 1st Quarter
The impact of the new refinancing rules under HARP 2.0 seem to be taking effect as Fannie Mae and Freddie Mac refinance loans nearly doubled in the first quarter. Almost 180,000 GSE loans were...
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HARP Accounts for 20% of Refinancing in May
As of May refinancing through the Home Affordable Refinance Program accounted for 20% of all refinanced loans through the GSEs. In May 67,456 loans were refinanced through HARP while the total Fannie...
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