Harp 3.0 maybe coming to a town near YOU SOONER than you think...Obama Needs votes and the people and our economy need help...sounds like it match amde in Washington Heaven......

Possible highlights of the proposed Responsible Homeowner Refinancing Act of 2012 Include:
oExtend streamlined refinancing under HARP 2.0 to GSE borrowers with loans made prior to June 1, 2010. Currently, HARP Eligibility guidelines restrict borrowers who have Fannie Mae or Freddie Mac loans that were closed prior to June 1, 2009

oEliminate all up-front fees, as well as the costs for appraisals.

oStreamline the refinance process by removing the requirement to provide income or employment documentation.
oImprove competition in the marketplace by requiring the same underwriting standards for non-servicers and servicers.
oPenalizing second lien holders and mortgage insurance providers who prevent borrowers from refinancing their first mortgage.

Ralph Richard Guertin
Senior Lic. Mortgage Specialist
Phone (954) 274-7725 Fax: (954) 337-2743
Ralph@absolutelowrates.com