Fannie Mae Notice - Home Affordable Refinance Program Extended
Image via Wikipedia
Fannie Mae Building - Washington D.C
Just recieved this email notice from Fannie Mae regarding the Home Affordable Refinance Program.
"Selling Notice: Extension of the Home Affordable Refinance Program
Fannie Mae has issued the following Notice (the entire text of the Notice is included in this e-mail):
On March 1, 2010, the Federal Housing Finance Agency announced the extension of the Home Affordable Refinance Program (HARP) to June 30, 2011 to support market stability and encourage greater adoption of the program.
This program is for borrowers who have demonstrated an acceptable payment history on their mortgage but, due to a decline in home prices or where mortgage insurance is not available, have been unable to refinance to obtain a lower payment or move to a more stable product.
Accordingly, lenders may continue to apply the HARP flexibilities to loans originated under Refi Plus™ and DU Refi Plus™ provided the note date is on or before June 30, 2011 and the loans are delivered to Fannie Mae no later than October 31, 2011.
Lenders who have questions should contact their Customer Account Team.
This e-mail contains the entire text of the Notice. View all Announcements, Lender Letters, and Notices on eFannieMae.com"