Mortgage Blog


February 10th, 2013 12:06 PM by Eric Fang

Senators Mendez/Boxer reintroduced HARP Bill last week.
The bill proposes:

1) Ensure that streamlined refinancing is available and consistent
for all Fannie and Freddie borrowers, regardless of whether they
are underwater or not;

2) Reduce up-front fees on refinances;

3) Eliminate appraisal costs for all borrowers;

4) Remove additional barriers to competition;

5) Extend HARP by one year, to allow eligible borrowers
more time to access the program.

Posted in:General
Posted by Eric Fang on February 10th, 2013 12:06 PM



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