Update to HARP 2.0

DIRECTLY FROM FANNIE MAE "During the weekend of March 17, 2012, Fannie Mae will update Desktop Underwriter Version 8.3 to implement enhancements to DU Refi Plus (HARP) The following enhancements will be made in DU to expand eligibility. Maximum LTV ratio for DU Refi Plus loan casefiles is being removed for DU Refi Plus fixed-rate [...]

HARP 2.0

On "October 24, 2011, the government's FHFA announced its revamped HARP refinance program. HARP is "the mortgage for underwater homeowners"; an appraisal-less refinance for loans backed by Fannie Mae or Freddie Mac. It's the conforming mortgage equivalent of the FHA Streamline Refinance. Since the FHFA announcement, this website has logged 1,727 HARP Refinance requests via [...]

Sitting Ducks, New Low Rates & Great Home Prices is Best Time to Buy

Consumer confidence fell to a six- week low as the costliest gasoline in almost three years worsened Americans' perceptions of their finances.  When consumer confidence is low the markets drop and this lowers interest rates.  “The Bloomberg Consumer Comfort Index dropped to minus 46.9 in the period to May 8, the worst reading since March, from [...]