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The plan has not passed. HARP 3.0 is expected to expand HARP's eligibility requirements to homeowners with non-Fannie Mae and non-Freddie Mac mortgages, including homeowners with jumbo mortgages and Alt-A mortgages, those whose original mortgages were stated income, stated asset, or both. [8]
If you don’t know your servicer, try searching Fannie Mae’s lookup tool or Freddie Mac’s lookup tool. Alternatively, you can try calling Mortgage Electronic Registration Systems (MERS) at ...
The Homeowners Affordability and Stability Plan is a U.S. program announced on February 18, 2009, by U.S. President Barack Obama.According to the US Treasury Department, it is a $75 billion program to help up to nine million homeowners avoid foreclosure, which was supplemented by $200 billion in additional funding for Fannie Mae and Freddie Mac to purchase and more easily refinance mortgages. [1]
Expanded eligibility for the Home Affordable Refinance Program (HARP) (October 24, 2011)—allows any homeowner with a mortgage owned or guaranteed by Fannie Mae or Freddie Mac to refinance their mortgage to obtain a lower monthly payments. [3]
Fannie Mae was established with the intended purpose of creating a more reliable source of accessible funding for banks and mortgage companies. ... Fannie Mae. Search using the lookup tool ...
By Alison Paoli The HARP 2.0 refinance program will become widely available to underwater homeowners today and is expected to bring mortgage relief to those who are current on their home loan, but ...