A new program has been unveiled that will replace the Home Affordable Refinance Program. Until the new offering goes live, HARP will be extended.
HARP launched in April 2009. Since its debut, there have been 3,418,854 Fannie Mae and Freddie Mac loans that have been refinanced through HARP.
But interest in the program has recently been waning. During June, there were 5,872 mortgages refinanced through HARP — the slowest month on record.
…read more
From:: Financing