Reports of HARP 2.0 Denials Spread
In a recent bank survey, the Federal Reserve concluded that several banks are continuing to demand high credit scores and an exceptionally strong credit history before approving a HARP 2.0 refinance....
View ArticleHARP Lender Feedback Causes Freddie Mac to Ease Requirements for Non-HARP...
Freddie Mac has announced plans to build on the success of its Relief Refinance Mortgage Program, which includes the Home Affordable Refinance Program (HARP 2.0), by aligning requirements for mortgages...
View ArticleFreddie Mac: Homeowners Who Refinance Strengthen Their Fiscal House
Freddie Mac has released the results of its second quarter 2012 refinance analysis and found enormous benefits for homeowners who refinance. “The typical borrower who refinanced reduced their interest...
View ArticleHARP 2.0 and Mortgage Insurance
The Home Affordable Refinance Program (HARP) is a streamline refinance program designed to help underwater borrowers with government-backed mortgage loans refinance to today’s low interest rates....
View ArticleHousing Market Reports Strong Increase in Sales Prices
In another sign of the housing market recovery, sales prices climbed 1.8% above those in the first three months of the year, according to figures released today (August 23) by the Federal Home Finance...
View ArticleHome Sales Rising, Could Top 5 Million Next Year
Low interest rates and a tight inventory helped boost home sales 10.4% in July above year-earlier levels, according to figures released by the National Association of Realtors on August 22. On a...
View ArticleHARP 2.0 Represents Nearly 25% of Refinance Market
Mortgage applications fluctuate from week to week, but the market share of HARP 2.0 in mortgage refinancing remains both strong and stable. For the week ending August 17, requests for new mortgage...
View ArticleWhat’s a Serial Refinancer and How are They Saving Thousands of Dollars?
If you bought a home in 2004, there’s a pretty good chance that you are paying higher mortgage interest than other people are paying for credit cards today. At the height of the housing bubble when...
View ArticleMortgage Applications Fall as Rates Threaten to Increase
Mortgage applications fell last week, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey. Overall applications fell by 7.4 percent from the prior week but new mortgages...
View ArticleNew Home Sales May Challenge Mortgage Refinance Market
July was a good month for home sales, with a 2.3 percent increase in existing homes sold and new home sales rose to a two-year high, both signs that a housing recovery might finally be underway. In...
View Article
