obama new refinance program

Obama Refinance Plan – Bills.com – Following up on plans the President hinted at in his State of the Union address, as well as the HARP 2.0 mortgage program announced late in 2011 and the expansion of the HAMP program announced in January 2012, the new Obama refinance plan is a "broad based refinancing to help responsible borrowers save an.

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obama new refinance program | Buyingahomeforthefirsttimetips – This program is designed as a HARP replacement. As HARP gets repealed, then, this new high-LTV refinance will take its place. Obama Refinance Plan – Bills.com – The new Obama refinance plan is designed to assist responsible.

The Home Affordable Refinance Program (HARP) expires at the end of. However, Fannie Mae and Freddie Mac recently rolled out new High LTV refinances.. Sometimes called the “Obama Refi”, the HARP program was.

Both programs were unveiled by President Barack Obama shortly after he took. current on payments but underwater to refinance the loan and benefit from lower mortgage interest rates. "Although the.

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The current FHA-to-FHA streamlined refinance program allows FHA borrowers who are current on their mortgage to refinance into a new FHA-insured loan at today’s lower interest rates without requiring a full re-underwrite of the loan, thereby providing a simple way for borrowers to reduce their mortgage payments.

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MoneyWatch: More details on Obama's new plan. the loans eligible for refinance under the Home Affordable refinance program (harp).

These new initiatives replace HARP, the Obama-era mortgage relief program, and can help middle-class Americans reduce their monthly payments by as much as $3,120 each year* . If you owe less than $625,000 on your home you may qualify for Freddie Mac’s Enhanced Relief Refinance option.

Obama’s action list? Better utilize the programs that are in place for those who can benefit from them and instate new refinancing program options for those who are not, such as those currently being.

On Monday October 24th, President Obama announced a new plan to make refinancing your mortgage a possibility, even if your mortgage is severely underwater. UPDATE: You can learn about the even NEWER PLAN here. The new refinance plan will bolster inclusion in the existing FHFA HARP Program.