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Understanding The Intricacies Of The HARP Loan

By | February 6, 2012

HARP is short form for “Home Affordable Refinance Program” and was first designed for those people who owned homes that were serviced by loans from Fannie Mae and Freddie Mac. With this program homeowners were then able to refinance their homes that where slightly underwater that previously didn’t have Mortgage Insurance. This could also be …

Mortgage News – Changes in Our Industry

By | February 3, 2012

As we all know, the financial sector of our great country has been hammered over the past years. The mortgage industry is no exception. When you combined the crash in the housing market, high unemployment and the depression it is obvious we have been facing major challenges. As the New Year starts we have different …

What Is The Home Affordable Refinance Program or What is HARP 2.0?

By | February 2, 2012

According to the Wall Street Journal, approximately 23% of US homes are underwater – meaning the homeowner owes more than their home is worth.  The percentages vary widely state-by-state.  For expample47.9% of Arizona mortgages were estimated to have negative equity, along with 34.7% of California mortgages and 19% of Colorado mortgages. These days number one …