Obama home mortgage refinance program 2011

Relief refinance benefits — In other words, if your loan-to-value ratio LTV is at Check your 12 …. Apr 29, — The new program is aimed at lower-income homeowners who have not taken advantage of low interest rates to refinance their mortgage. Oct 24, — At its core, the initiative will relax eligibility standards for a federal refinancing program, allowing those who owe more on their house 16 ….

Oct 25, — By easing eligibility rules, the administration hopes 1 million more homeowners will qualify for its refinancing program and lower their 17 …. Then, in April , the federal government stepped in and created HARP, also known colloquially as the Obama refinance program. A HARP refinance allows 18 …. Who qualifies for an Obama mortgage refinancing plan.

Does anyone know what needs to be done to haave the deed recorded. Making homes than expected to 19 …. The FHA offers a streamlined refinancing program to allow borrowers with FHA-backed mortgages to refinance their loans at lower cost and with fewer burdens. Jul 2, — The Obama administration eased eligibility rules Wednesday for its Home Affordable Refinance program, lifting the maximum loan-to-value 22 ….

Oct 26, — President Obama launches a revamped mortgage relief program; financed through Fannie Mae or Freddie Mac are eligible for refinancing. HARP 2. Q: Do I apply directly to President Obama for my upside down government refinance? No, President 27 …. Feb 1, — The administration plan aims to ease the way toward refinancing for To qualify, borrowers with privately held mortgages would have to 29 ….

Feb 1, — USDA Rural Development estimates , homeowners will be eligible to refinance their loans, which is expected to save them considerable time 32 …. This is the current program, and has helped over 3 million homeowners to date. A revised refinance plan could have these features:. These are just some of the changes that could come about due to refinance initiatives the Obama administration is trying to push forward.

It means your value may have increased enough to consider a standard refinance, outside of special government-sponsored programs. That puts you in range to use a standard conventional refinance. While there are standard HARP rules, lenders impose their own rules and often make the program more restrictive. You could be approved just by inquiring at various lenders. By completing this short online questionnaire that takes 60 seconds , you will be matched with lenders who will look at your situation on an individual basis and determine if you qualify.

You could be very surprised that you qualify, even without HARP program changes. Don't miss important home loan updates. Sign up for our newsletter. Your privacy is assured. This is a refinance feature that has never been allowed prior to the HARP program. I, too, bought my house at the peak of the market and we are now underwater in our mortgage. I cannot tell you how important it is, not just for my family's sake, but for many many others for this bill to go into place. How can we petition congress to act?

Are there already petitions available thru Facebook, email, or twitter that we can start circulating????? Please let me know!!!

B Bill Admin, Feb, P Patrick Martin, Feb, This obviously has no chance to pass. When Obama mentioned it during his state of the union speech not one Republican rose to their feet while the Democrats were all in favor. I e-mailed every Republican congressman regarding this act and no one responded.

Our government is responsible for the banking mess, yet they won't help the people they hurt. P Patrick Martin, Dec, It sounds like the financial cliff proposal Obama is trying to get signed off on includes a 50 billion stimulus that has a significant refinancing package in it.

Has anyone heard anything about this? Also I was told by my mortgage lender any package introduced will not cover jumbo loans. I have followed this closely and I have not seen any evidence of that. The harp 3 is suppose to cover FHA loan amounts which are upto k. Anyone know anything about this also. I need something to happen soon, our lender told us we need to bring k to the table to refinance. B Bill Admin, Dec, Patrick, there are lots of rumors as to what may happen, but I have not seen a specific refinancing package proposal that is tied to the fiscal cliff negotiations.

The HARP 2 program allows a borrower up to the conforming loan limits. The new regulations allow for the limits to be set based on the time the loan was originated.

Check with your lender to see if your loan qualifies for the HARP 2 mortgage program and if you qualify for a larger sum. A Amber Smith, Nov, Any update to this since Obama was re elected? Never been late or behind but, I am not backed by Fannie or Freddie. I am 80K underwater.