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FHFA DeMarco on HARP

This is in regard to Obama's speech yesterday:
Article: http://www.fhfa.gov/webfiles/22607/HARPSTMT9911.pdf

Happy funding, Rudi
  • September 09 2011 - El Segundo
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Answers (4)

Best Answer

Strange the letter says to be eligible borrower LTV must be 80-125 LTV.   This is inaccurate, 0-125% is eligible and HARP loans happen all the time at the lower LTV's.   This is great for the borrowers because of the appraisal waivers and at times better pricing compared to traditional.

I think it would be great if they continue to expand it, but I hope they don't look to contract the program to high LTV over 80 only.   That would penalize borrowers who have equity and haven't done a HARP loan yet.
  • September 09 2011
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Great information! Thanks for the link......
  • September 12 2011
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Great info. Thank you!
  • September 09 2011
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Thanks, Rudi!!
  • September 09 2011
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