Tag: HARP Refinance
What Happened To The HARP Refinance Program 3.0?
Not long after the introduction of the Home Affordable Refinance Program 2.0, the Obama Administration announced plans of a HARP 3.0. So, when is the newer version of HARP 2.0 going to be released? Unfortunately, the discussion of a HARP 3.0 seem to have fallen short with no plans in the making. The Home Affordable […]
Survive Your Underwater Mortgage
You’ve been told by your lender that a 6.75 percent home loan is the best value you’ll see in the industry, but that was several years ago. If you still have that loan, but are struggling to find the monthly funds to pay it, there is relief in the form of The Home Affordable Refinance […]
Reducing Expensive Mortgage Payments
With high interest rates and some remaining unemployment from the Great Recession, you may be struggling to stay current on the payments to this day. Although it may sound too good to be true, there is a government-backed program that helps you reduce monthly payments with a refinance. HARP Basics HARP is a program designed […]
Refinancing Even With High Negative Equity
The United States government wanted a way to jump-start the real estate and national economies with a burgeoning program for nearly all homeowners. HARP, or Home Affordable Refinance Program, allows you to refinance your home while underwater with your lender. Potential Savings On average, one underwater mortgage can save around 33 percent on each monthly […]
A Refinance Program Giving Back to the Middle Class
Mortgage rates are lower today than they have been for years. For those who are already committed to a current existing rate, you are not out of options to achieve a lower rate through a refinance. Even though the opportunity has been around since 2009, one of the nation’s most effective mortgage payment reducing program […]
April 2014 FHFA Refinance Market Update
HARP 2.0 For the underwater homeowners who are unaware of the Home Affordable Refinance Program (HARP) it may seem like a short sale or taking a loss to foreclosure may be the only way out. Negative equity followed by the millions of foreclosures has taken a toll on the U.S. economy for many years now. […]
Save Our Housing Economy: Help Encourage HARP Refinance Before Deadline
Between 2013 and 2014, home refinancing numbers dropped 56 percent, showing a market halt to an otherwise recovering housing industry. One of the key factors may have been rising interest rates, reflecting values based on credit scores. Rates were even smaller in 2012 at slightly lower than 4 percent. The need for refinancing is still […]
May 2014: RealtyTrac’s Top Foreclosure States
Foreclosures for the month of May has dropped since the month of April according to the most recent RealtyTrac report. When compared between both months, there was a 15,231 difference in properties that are currently in some stage of foreclosure. During the month of May, the properties that filed for a foreclosure was 5% lower […]
Current Economic Situation of Today’s Top 10 Most Populated States
We all know that there are tons of overpopulated cities across the nation, but what are the top states exactly with the most residents? It seems like the more populated a city is, the more it seems to struggle when the economy start to head downhill. There are several states still struggling to recover from […]
FHFA February 2014 Report: Top 10 HARP Refinance States
According to the most recent report presented through the Federal Housing Finance Agency (FHFA), HARP Refinances have decreased possibly due to rising mortgage rates of four to four and a half percent since June 2013. As of March 2014 there are a total of 48,000 foreclosures completed, which is a pretty high amount since 2008. […]
FHFA January 2014: Top 10 HARP Refinance States
The top ten states with highest HARP Refinance volumes for the month of January 2014 has been released. The state of Georgia contributed to 42 percent of the total refinances and 40 percent from Florida. The total HARP refinances reported as a nation was 22 percent for the January according to gathered data analysis from […]
February 2014: Realtytrac’s Top 5 Foreclosure States
According to a most recent Realtytrac (the leading online marketplace of foreclosure properties, along with detailed property and home sales data) report released for the month of February 2014, there are currently 1,196,954 properties that are in some stage of foreclosure in the United States today. The number of foreclosure filings received for the month […]
December 2013 CoreLogic Report: Top 10 Negative Equity States
As a nation, the U.S. currently has 1,188,502 properties currently in some stage of foreclosure according to the recent Realtytrac Foreclosure report for the month of January 2014. The nation’s negative equity share released by Corelogic (a leading property information, analytics and services provider in the United States) for the fourth quarter (most recent report […]
December 2013: FHFA’s Top 10 HARP Refinance States
The Federal Housing Finance Agency (FHFA) released its most recent HARP Refinance Activity report for December 2013. Ending the year of 2013, Florida had the highest HARP Refinance volume along with the most underwater borrowers with LTV’s greater than 125 percent. Underwater homeowners nationwide have been able to reap the benefits of the unique refinance […]
FHFA Report – November 2013: Top 10 HARP Refinance States
According to the Federal Housing Finance Agency (FHFA) and the most recent report put out in HARP Refinance activities for November 2013. HARP refinances have continued to decrease as mortgage rates are at a range of four to four and a half percent since June 2013. The average interest rate in a 30 year fixed […]
