Can HARP 3 Soon Become A Reality For California Homeowners? #MyRefi

Its been a stop-and-go for the new and improved┬áHome Affordable Refinancing Program 3.0 (also called HARP 3). Towards of the end of last year the launch seemed to have gained momentum. But nothing seem to have happened in last month or so. Nearly 1.8 million borrowers have taken advantage of the Home Affordable Refinancing Program […]

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Employment News Takes Mortgage Rates To Highest Levels In Over a Year

After weeks of worsening rates, it seemed California mortgage rates were getting stable. But the employment report and some other news last week delivered a knockout punch to any hope of rates getting better. Mortgage rates are directly impacted by how mortgage backed securities(MBS) are traded on wall street. If MBS fall in price, the […]

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Is HARP-3 For California Homeowners On It’s Way? #MyRefi

Refinancing help for underwater California homeowners whose loan is not backed by Fannie Mae or Freddie Mac may soon become a reality. Unofficially billed as HARP-3, it is one of the top priorities of Obama government. Obama government is considering expanding the Home Affordable Refinance Program (HARP) to include homeowners who are underwater but whose […]

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Bank Settlements and Refinance Programs All Good News for Struggling Homeowners

Homeowners more deeply underwater on mortgages handled by five major U.S. banking firms are prime candidates for getting help from a $25-billion nationwide settlement over alleged foreclosure abuses. That’s because the settlement gives the nation’s largest mortgage servicers more incentives to help those who owe 40% to 75% more than the value of their homes, […]

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HARP 2 and Other Problems Mount for Bank of America Mortgage Business

Bank of America continues to hit the headlines, unfortunately for all the wrong reasons. It all started late in 2011 when Bank of America decided to exit the Correspondent Lending business. Housing wire reported that Bank Of America was grappling with $1 trillion in soured mortgages and securities written prior to the 2008 acquisition of […]

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New HARP 2.0 Alert – Full Launch By Lenders Expected on March 17, 2012

New HARP (Home Affordable Refinance Program), also called Obama Government Refinance Program is expected to be fully launched on March 17, 2012. Even though the program was announced in December, 2011 the lenders have been slow in offering this new and enhanced program to California homeowners with underwater mortgages. One of the reasons was that […]

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New HARP 2.0 Obama Government Refinance – Guidelines Released

Guidelines Released for California New HARP 2 – Obama Government Refinance Get a HARP Rate Quote Now Fannie Mae and Freddie Mac today released the guidelines for the new expanded Home Affordable Refinance Program (HARP), also called Obama Government Refinance program. Here’s 8 things you need to know: The program starts on December 1st, 2011 […]

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HARP Expanded Obama Refinance Program – Big Banks Sign Up

The expanded HARP (Home Affordable Refinance Program), also called Obama’s Refinance Program is moving along. Bank of America, Chase, Wells Fargo and Citigroup all released statements last week in support of HARP 2.0. Get a HARP Rate Quote Now The Federal Housing Finance Agency had earlier announced the framework for the expanded HARP. Some of […]

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