Mortgage Blog

Refinance America--Yeah

October 24th, 2011 7:20 AM by Eric Fang

The Federal Housing Finance Agency Monday morning unveiled long awaited
changes to a White House refinancing program, waiving the LTV cap and
certain origination fees on underwater Fannie Mae and Freddie Mac loans.

Any LTV is ok and New appraisals will be waived on these refis as well,
according to a FHFA term sheet. More details will be in the news
in teh next a few weeks.

Posted in:General
Posted by Eric Fang on October 24th, 2011 7:20 AM

So far this called HARP II. Mainly to help those who has the property underwater is able to refinance. It can only benefit aroudn 1million families.
Posted by Eric Fang on October 25th, 2011 3:50 PM



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