On his September 8th speech, Obama pledged to work on a new refinance program that will lower homeowners payments and put more money in their pockets. Sound familiar? It should because the Making Home Affordable movement has two refinance programs and a modification program. So what will make this one different? We [...]
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In October of 2010, I wrote a post on the difficulties homeowners have faced when trying to refinance under the Making Home Affordable Refinance Program (HARP) if their loan had private mortgage insurance. The original post can be found here. Recently, I was interviewed by Bloomberg.com on the topic. Here is an excerpt of [...] As we get closer to a potential government shut down, I’ve seen several reports on how this will affect the housing market and the mortgage industry. Some of the information is accurate but there are some consequences that have not been mentioned. The largest impact will be directly to mortgage loans that are being contracted [...] The Federal Housing Finance Agency announced that the Making Home Affordable Refinance Program has been extended until June 30th, 2012. This is great news for homeowners and the housing market. Lender guidelines and participation have steadily grown since HARP’s inception. Many homeowners don’t know of the program and need this extra time to refinance their [...] UPDATE 4/6/2012 PMI options have changed. Part II of this post can be found here: http://www.keaneloans.com/2012/04/06/i-want-a-harp-loan-but-i-have-pmi-part-ii/ If you’re reading this post, you probably found this trying to figure out how to refinance your HARP loan that has PMI (Private Mortgage Insurance). Many of you have read my post about how Bank of America won’t [...] |
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