Highlights to the changes are as follows:
·
The HARP program has been extended lenders are
now able to originate various associated loans on or before Dec 31, 2013
·
Now no maximum loan to value ratio limits for
mortgage loans secured by fixed rates loans with terms up to 30 years.
·
Reduced fees that a lender can charge
·
No add on to interest rate for negative LTV
·
Fannie Mae or Freddie Mac cannot ask lenders to buy back the
loans if they go into default
For more details about this program go to:
I am always available to answerer questions and help you get
in touch with the appropriate contacts for this program or others
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