Tag: HARP

By November 17, 2013 0 Comments Read More →

The “Merkley Mortgage” Expands to Clackamas and Washington Counties

Earlier this year the Oregon Homeowner Stabilization Initiative (OHSI) launched a pilot program in Multnomah County to refinance underwater borrowers into affordable mortgages. That program is now expanding into Clackamas and Washington counties to reach more borrowers in need. Officially known as the Rebuilding American Homeownership Assistance Pilot Program (RAHAPP), the program has been affectionately […]

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By May 30, 2013 0 Comments Read More →

HAMP Extended Through 2015

The Treasury Department announced today that the Home Affordable Modification Program (HAMP) will be extended through December 31, 2015. Earlier this year, Treasury extended the deadline for the Home Affordable Refinance Program (HARP) through the same date. HAMP provides loan modifications through the Making Home Affordable program launched in March 2009. As of March 2013, […]

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By April 11, 2013 0 Comments Read More →

FHFA Extends HARP Another Two Years

Today FHFA announced that it is requiring Fannie and Freddie to extend the Home Affordable Refinance Program (HARP) until December 31, 2015. The program was set to expire at the end of this year. HARP allows homeowners Fannie or Freddie loans and little or no equity to refinance into low market rates. FHFA also announced […]

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By January 25, 2013 0 Comments Read More →

Foreclosure Starts Remain Low Due to National Mortgage Settlement

Lender Processing Services (LPS) has released its latest monthly report on mortgage and foreclosure activity based on a review of loan-level data covering 70% of all mortgages in the US. The report shows that foreclosure starts have dropped sharply nationwide and remain low due to the National Mortgage Settlement. As a result of the drop […]

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