Inventory at Record Lows

May 19, 2015 by

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HARP & HAMP Extended to 2016...

May 19, 2015 by

NO Player? No Sound? or Mobile Device? CLICK HERE The Federal Housing Finance Agency officially announced that the deadline for the Home Affordable Refinance Program has been extended to the end of 2016, matching the deadline of the Home Affordable Modification Program. “Although the number of new borrowers entering these two programs continues to decline, in part because many eligible borrowers have already taken advantage of them and in part because of recovering house prices, lenders and servicers are continuing to approve new HAMP modifications and HARP refinances,” FHFA Director Mel Watt said at the Greenlining Institute’s 22nd Annual Economic Summit in Los Angeles. “Extending HAMP and HARP through the end of 2016 will provide real relief for borrowers who continue to face challenges either paying their mortgage or refinancing their loan,” Watt said....

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