HARP category archives

Good news for underwater homeowners who owe more than 105% of the current value of their home: Fannie Mae and Freddie Mac will now refinance conforming mortgages with a loan-to-value ratio of up to 125%, under the Home Affordable Refinance Program (HARP). According to our analysis of the Q1 Zillow Real Estate Market Reports, that [...]

The Home Affordable Refinance Program (HARP), which was announced in March, has left quite a few homeowners confused and/or excited. Today, we learned of more information about the HARP program that we wanted to pass along (hat tip to Seth Raddue of TriStar Finance Inc.)
Unlike Freddie Mac-backed loans, which require homeowners to go through their current [...]

I’m still getting tons of comments to the blog posts I wrote on the Home Affordable Refinance Program (HARP) and Home Affordable Modification Program (HAMP). Homeowners also continue to post questions in Zillow Advice about each plan. With all of the confusion out there, we got in touch with Fannie Mae and Freddie Mac to [...]

We now know one of the details of the Home Affordable Refinance Program (HARP) that wasn’t clear yesterday.
Since HARP loans are available to homeowners who owe between 80-105% of the current value of their home, a key component to determining who will qualify will be figuring out the home’s value.
The government’s loan modification plan, called [...]

The full details of President Obama’s Homeowner Affordability and Stability Plan — now being referred to as ”Making Home Affordable” — are out this morning, and millions of homeowners are sure to flock to the government’s new Web site, financialstability.gov, to find out if they qualify for a refinance loan, called a  HARP loan (Home Affordable Refinance Program) [...]