HARP 2.0 – Music to Distressed Borrowers’ Ears; or Sound and Fury, Signifying Nothing?
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Coester VMS and Weiner Brodsky Sidman Kider PC hosted a webinar on the new HARP 2.0 mortgage program offered by the current administration. Learn what it means to you , your borrowers and your company ...
Coester VMS and Weiner Brodsky Sidman Kider PC hosted a webinar on the new HARP 2.0 mortgage program offered by the current administration. Learn what it means to you , your borrowers and your company as well as best practices, limiting risks and valuation practices.
On October 24, 2011, the Federal Housing Finance Agency (the “FHFA”) and Fannie Mae and Freddie Mac (the “GSEs”) announced the expansion of the Home Affordable Refinance Program (the “HARP”), or so called “HARP 2.0”, in an effort designed to assist additional “underwater” borrowers.
The GSEs have since issued further guidance with additional details about the program. Further, on February 1, 2012, the Obama Administration announced plans to expand the program, along with other housing rescue efforts. These plans were announced during the State of the Union Address, and outlined changes to existing programs as well as the creation of new initiatives. Some of these new initiatives may require Congressional action.
In this webinar we will outline FHFA’s and the GSEs’ announced expansion of HARP resulting in HARP 2.0, which loans are covered by HARP 2.0, further GSE guidance issued since the October 24, 2011 HARP 2.0 announcement and HARP 2.0 requirements, and what future enhancements to these programs might mean for borrowers and mortgage lenders.
Join us for this important and timely topic and learn about its impact on the mortgage industry.
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