Recent Changes to HARP

In an effort to aid more homeowners who owe more on their mortgages than their homes are valued at, the Federal Housing Finance Agency (FHFA), Fannie Mae and Freddie Mac announced today that changes and enhancements to the Home Affordable Refinance Program (HARP) are forthcoming. Some of the highlights of these changes include “Removing the current 125 percent LTV ceiling for fixed-rate mortgages backed by Fannie Mae and Freddie Mac” as well as extending the program deadline to December 31, 2013.

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