Home Affordable Refinance Program - Articles

How to Avoid Falling for a HARP Scam

By Meg Burns Did you make New Year's resolutions? Was personal finance one of them? Refinancing your mortgage may be an option to help you reach your New Year's goals. Many programs are available to help you refinance even if you are underwater. If you are one of the many homeowners who have kept up-to-date on your... Continue Reading »

Mortgage Refinance Boom Still a 'Once-in-a-Lifetime Opportunity'

There isn't much written about the issue in the national media, where the focus is on gun violence and fiscal cliffs, but the U.S. is in the midst of a mortgage refinancing boom that should continue well into 2013. According to the Washington, D.C.-based Mortgage Bankers Association's weekly applications survey,... Continue Reading »

Late Payments on Mortgages Hit 3-Year Low

By Alex Viega LOS ANGELES -- U.S. homeowners are getting better about keeping up with their mortgage payments, driving the percentage of borrowers who have fallen behind to a three-year low, according to a new report. Still, the rate of decline remains slow, credit reporting agency TransUnion said Wednesday. The... Continue Reading »

HARP Now Expected to Reach Twice as Many Homeowners

By Jon Prior The expanded Home Affordable Refinance Program will likely reach more underwater borrowers than its architects originally thought. "We said we would double the number from what we've already done under HARP, which would mean we'd do another 900,000 under the expanded program. I think we're actually trending... Continue Reading »

Obama State of the Union Plan Inadequate for Housing?

By Jon Prior Even if the promising mortgage refinancing plan that President Obama announced Tuesday night passes Congress, critics say it will fall short of solving the deepest housing problems. The White House did not release great amounts of detail, but the plan would help homeowners current on their mortgage to... Continue Reading »

Obama's Refinance Plan: Who Will Benefit?

WASHINGTON -- Today's record-low mortgage rates are out of reach for millions of U.S. homeowners who would benefit from them most. One in four homeowners with a mortgage -- 11 million people -- owe more than their home is worth. These "underwater" borrowers have virtually no shot at refinancing. Their plight is a drag on... Continue Reading »

Obama's Refinance Plan Explained

By Nick Timiraos The Obama administration is revamping a program that's designed to let more homeowners refinance their mortgages even if they don't have any equity. This isn't a new program, but instead attempts to turbo-charge an existing federal initiative called the Home Affordable Refinance Program. Here's a look at... Continue Reading »

Negative Equity: Options If You're Upside Down in Your Mortgage

More Americans find themselves in a position of negative equity -- owing more on a mortgage than the home is currently worth. By itself, negative equity isn't necessarily trouble. Those who can afford their monthly mortgage payments and have a safe loan structure can wait out the market until home values improve. For... Continue Reading »

Mortgage Refinancing: Why Borrowers Aren't Playing HARP

It's not every day that a successful investor takes the national stage to suggest that he should lose billions of dollars for the greater good. But that's what Bill Gross of the bond giant PIMCO did last week at the Treasury and HUD conference on the future of the housing finance system. Gross unleashed a bold proposal... Continue Reading »

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