HARP Continues to Attract Seriously Underwater Borrowers

Hot news from AZ Home Help:

Posted To: MND NewsWire

Freddie Mac and Fannie Mae (the GSEs) refinanced a total of 97,589 mortgages through the Home Affordable Refinance Program ( HARP ) in January compared to 76,460 HARP refinances in December. Fannie Mae participated in 62,519 of the transactions and Freddie Mac in 35,070. HARP loans represented 21 percent of the 469,953 refinance actions completed by the GSEs during the month. Total refinances in January exceeded those in December by nearly 110,000 and January was second only to November in the level of overall refinancing activity in the previous 12 month period. Since HARP was first begun in 2009 2.26 million homeowners have been assisted in refinancing through the program. HARP was designed for homeowners who were unable to refinance through traditional means because they owned more on their...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Source: http://www.mortgagenewsdaily.com/04092013_refinancing_harp.asp

- For more real estate news visit our website at http://www.AzHomeHelp.com