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Jerry Potter @ Cobalt Mortgage

Home Affordable Refinance Program Extended

Friday, April 12, 2013 - Article by: Jerry Potter @ Cobalt Mortgage - Stearns Lending, LLC - Message

Under direction from FHFA, Fannie Mae and Freddie Mac have extended the HARP program for two years through December 31, 2015. The program was originally set to expire December 31, 2013. Extending the program will continue to provide borrowers opportunities to refinance, give clear guidance to lenders and reduce risk for Fannie Mae and Freddie Mac.

In addition, FHFA will soon launch a nationwide campaign to inform homeowners about HARP. This campaign will educate consumers about HARP and its eligibility requirements and motivate them to explore their options and utilize HARP before the program ends.

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