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Home Affordable Refinance Program information


The Home Affordable Refinance Program (HARP) is a federal program of the United States, set up by the Federal Housing Finance Agency in March 2009, to help underwater and near-underwater homeowners refinance their mortgages. Unlike the Home Affordable Modification Program (HAMP), which assists homeowners who are in danger of foreclosure, this program benefits homeowners whose mortgage payments are current, but who cannot refinance due to dropping home prices in the wake of the U.S. housing market correction.

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Home Affordable Refinance Program

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The Home Affordable Refinance Program (HARP) is a federal program of the United States, set up by the Federal Housing Finance Agency in March 2009, to...

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Making Home Affordable

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through HAMP. Home Affordable Foreclosure Alternatives Program (HAFA), helps homeowners exit their homes and transition to a more affordable living situation...

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Refinancing

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Refinance: When the Home Affordable Refinance Program (HARP) was launched in 2009, it sought to help homeowners with underwater mortgages refinance their...

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Homeowners Affordability and Stability Plan

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voluntary. Home Affordable Modification Program (HAMP) Home Affordable Refinance Program (HARP) Making Home Affordable "Homeowner Affordability and Stability...

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Foreclosure

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Foreclosure Stripping Home Affordable Modification Program (HAMP) Home Affordable Refinance Program (HARP) HUD auction Loss mitigation Occupy Homes Repossession...

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Short refinance

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A short refinance is a transaction in which a lender agrees to refinance a borrower's home for the current market value, in effect making it more cost...

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Affordable housing by country

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Affordable housing is housing that is deemed affordable to those with a median household income as rated by the national government or a local government...

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FHA insured loan

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enables consumers to purchase or refinance their home at a lower initial interest rate. FHA's mortgage insurance programs help low- and moderate-income families...

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Loan modification company

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distinct programs depending on borrower needs: Home Affordable Modification Program: HAMP Home Affordable Refinance Program: HARP Home Affordable Foreclosure...

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VA loan

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where allowed by state laws. In a refinance where the loan is a VA loan refinancing to VA loan (IRRRL Refinance), the veteran may borrow up to 100.5%...

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Seth Wheeler

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contributing to the Home Affordable Modification Program. The purpose of this program was to ease the impact of the foreclosure of homes of millions of homeowners...

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Ocwen

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Ocwen is a participant in the U.S. Treasury Department's Home Affordable Modification Program (HAMP), which is designed to use loan modifications to help...

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Affordable housing in Canada

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a continuum ranging from market-based options like affordable rental housing and affordable home ownership, to non-market alternatives such as government-subsidized...

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Federal takeover of Fannie Mae and Freddie Mac

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involved in planning and implementing the Making Home Affordable and the Home Affordable Refinance programs. The report notes: As of March 31, 2009, seriously...

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Subsidized housing in the United States

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Act of 1974 created the Section 8 Housing Program to encourage the private sector to construct affordable homes. This kind of housing assistance assists...

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Loan modification in the United States

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in cases where borrowers remain current on their loans but cannot refinance or afford the higher payments after reset. An important component of the industry-led...

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Subprime mortgage crisis

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to refinance their mortgages after a year or two of appreciation. As a result of the depreciating housing prices, borrowers' ability to refinance became...

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Home video

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the company into its home video division. The home video market grew rapidly along with the widespread acquisition of affordable videocassette recorders...

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Reverse mortgage

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spouse was unable to pay off or refinance the reverse mortgage balance, he or she was forced either to sell the home or lose it to foreclosure. This often...

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United States Department of Housing and Urban Development

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(Ginnie Mae) The major program offices are: Community Planning and Development: Many major affordable housing and homelessness programs are administered under...

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SoFi

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SoFi could provide more affordable options for those taking on debt to fund their education. The company's inaugural loan program was a pilot at Stanford;...

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Jal Jeevan Mission

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(food security card's national portability) Pradhan Mantri Awas Yojana (affordable housing for all) Saubhagya electrification scheme (electrification for...

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