Bill to expand home refinancing program could win GOP support
Some Republicans may support a bill backed by Democratic senators to expand the government’s Home Affordable Refinance Program (HARP).
Some Republicans may support a bill backed by Democratic senators to expand the government’s Home Affordable Refinance Program (HARP). Proponents urged quick action while interest rates remain low.
The Federal Housing Finance Agency plan to overhaul the Home Affordable Refinance Program (HARP) would mean that only 17 percent of Fannie Mae and Freddie Mac 30-year loans qualify for refinancing.
NAHB Policy Briefing: Now that the Inflation Reduction Act is law, home builders see a mix of benefits ... and drawbacks; mortgage rates rise while housing affordability sees further decline
Analysts with the Bank of America Merrill Lynch believe the federal government’s real estate-owned (REO) rental program could encompass 20 percent of the national foreclosure total.
Lewis Ranieri — who’s credited as a co-inventor of the mortgage-backed security — has co-authored a new research paper supporting the federal government’s Real Estate-Owned (REO) Initiative program, according to the Wall Street Journal.