Things to do in Washington DC: April 2013

FHFA extends HARP till 2015

#BreakingNews from HOUSING WIRE #FHFA extends #HARP till 2015.
 
 
FHFA (The Federal Housing Finance Agency) directed Fannie Mae and Freddie Mac to extend the Home Affordable Refinance Program by two years to Dec. 31, 2015. This has to be a big surprise. Many people are sure didnt expect this to happen since the program was set to expire at the end of this year. 
 

Ed DeMarco, acting director of the FHFA said "More than 2 million homeowners have refinanced through HARP,proving it a useful tool for reducing risk," He added, "We are extending the program so more underwater borrowers can benefit from the lower interest rates." Real Estate is slowly roaring back in many areas and now HARP gets extended. We need some great news in Real Estate considering what we have been dealing with the past seven years.


 

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FHFA extends HARP till 2015
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#BreakingNews from HOUSING WIRE #FHFA extends #HARP till 2015. FHFA (The Federal Housing Finance Agency) directed Fannie Mae and Freddie Mac to extend the Home Affordable Refinance Program by two years to Dec. 31, 2015… more
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