Changes to HARP
The guidelines for Home Affordable Refinance Program (HARP) have been expanded to (hopefully) include even more homeowners. Eliminating certain risk-based fees for borrowers who refinance into shorter-term mortgages and lowering fees for other borrowers; Removing the current 125 percent LTV ceiling for fixed-rate mortgages backed by Fannie Mae and Freddie Mac; Waiving certain representations and […]