What are the greatest sequels of all time? Empire Strikes Back from Star Wars? Who can forget Godfather 2 when Michael kisses Fredo. The Wrath of Khan from the Star Trek movies is definitely my favorite sequel. Maybe your favorite will be HARP 2.0 when the Federal Housing Finance Agency launches in October.
FHFA has extended HARP through the end of 2018. HARP helps homeowners refinance mortgages with little or no equity. With HARP 3.4 million homeowners have refinanced since the mortgage crisis. FHFA will continue HARP as a bridge product through 2018 as it launches a new refinancing product this Fall. They announced that Fannie Mae and Freddie Mac would implement “a High LTV Streamlined Refinance program to provide much-needed liquidity for borrowers who are current on their mortgage but are unable to refinance because their loans have LTV ratios that exceed the Enterprises' maximum limits.”
For our sake, let’s hope this is the most successful sequel ever. The program will offer assistance to underwater borrowers with loans originating after October 1, 2017. To get more info click here. If you need assistance… AskHollingsworth.
Image Source: fhfa.gov