Home Affordable Refinance Program: Changes to HARP May Be Sweet Music to Your Ears

by Eric Cohen • March 29, 2012 • Real Estate Accounting • 0 Comments

How do “underwater homeowners” spell mortgage relief? H-A-R-P. It stands for the “Home Affordable Refinance Program.” More “underwater” homeowners now qualify for HARP 2. This government-sponsored initiative was designed to bail out homeowners with Fannie Mae or Freddie Mac-owned loans who want to refinance their loans but the balance is higher than the market...