FHFA To Host Sixth HARP Outreach Event in Phoenix June 12

first_img The Best Markets For Residential Property Investors 2 days ago  Print This Post FHFA To Host Sixth HARP Outreach Event in Phoenix June 12 FHFA HARP Home Affordable Refinance Program 2015-06-10 Brian Honea in Daily Dose, Featured, Government, News The Federal Housing Finance Agency (FHFA) will host its first Home Affordable Refinance Program (HARP) outreach event since extending the program until the end of 2016 on Friday, June 12, in Phoenix, Arizona.The Phoenix event will the the sixth HARP outreach event; the previous five were in Newark, Miami, Detroit, Atlanta, and Chicago. The purpose of the Phoenix outreach event will be to encourage more than 10,000 HARP-eligible residents of the area (and more than 18,000 in Arizona altogether) to enroll in the program and save on their mortgage. FHFA estimates there are more than 600,000 HARP-eligible borrowers nationwide.The FHFA stated in its first quarter refinance report that more than 31,000 borrowers nationwide refinanced through HARP in Q1, bringing the total number of borrowers who have refinanced through HARP up to more than 3.3 million since it was introduced in 2009 as part of the Making Home Affordable program.”There are more than 10,000 homeowners in the Phoenix area, and even more statewide who could save, on average, more than $2,400 per year by refinancing through HARP,” FHFA Director Mel Watt said. “Our goal is to join forces with community leaders and other trusted sources so that borrowers who are current on their mortgage, but have little equity in their homes, know they have refinancing options and can still join the 3.3 million Americans who have saved money by refinancing through HARP.”Megan Moore, a special adviser to Watt, will moderate a panel discussion at the Phoenix event. Representatives from the Department of Treasury, Fannie Mae, Freddie Mac, and the Arizona Department of Housing will be on the panel.Borrowers are eligible for a HARP loan if they meet the following requirements: Their loan must be owned or guaranteed by Fannie Mae or Freddie Mac; the loan must have been originated on or before May 31, 2009; LTV ratio must be greater than 80 percent; and they borrower must be current on mortgage payments. They must not have had a late payment in the previous six months or more than one late payment in the previous 12 months. Borrowers who could benefit from HARP are referred to as “in the money” borrowers; they are “in the money” if they meet all the HARP eligibility requirements, have a remaining balance on their loan of greater than $50,000 with more than 10 years left on their term, and have an interest rate of more than 1.5 percent more than current market rates.The FHFA said borrowers will typically benefit financially from HARP if they meet the aforementioned criteria and have a remaining balance of more than $50,000 on their mortgage, have more than 10 years left on their term, and have an interest rate of at least 1.5 percent higher than the current market rates. FHFA estimates borrowers can save an average of about $200 per month on their mortgage payments with a HARP refinance.Click here to see a map of the U.S. that shows the number of HARP-eligible borrowers. Tagged with: FHFA HARP Home Affordable Refinance Program Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Previous: Four Metro Areas Account For 10 Percent of Nation’s Completed Foreclosures Next: Ocwen To Use Money From MSR Sales to Pay Part of Senior Secured Term Loan Demand Propels Home Prices Upward 2 days ago About Author: Brian Honea Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days agocenter_img Home / Daily Dose / FHFA To Host Sixth HARP Outreach Event in Phoenix June 12 Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago June 10, 2015 1,064 Views Share Save Sign up for DS News Daily Subscribelast_img read more

Government issues travel advice for those going to the Euros

first_img 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Minister McConalogue says he is working to improve fishing quota By News Highland – June 7, 2016 WhatsApp Twitter Pinterest RELATED ARTICLESMORE FROM AUTHOR HSE warns of ‘widespread cancellations’ of appointments next week The Minister for Foreign Affairs is urging Irish fans travelling to France for the Euros to exercise caution at all times.Public viewing spots have been highlighted as potential targets for terrorist attacks when the football tournament kicks off on Friday.70-thousand Irish tourists will be among an estimated 7-million people expected to visit France for the games.Tight security plans – including metal detectors and body searches at all fanzones – have been put in place for the championships.Minister Charlie Flanagan has this advice for Irish fans travelling to the Euros:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2016/06/14flanag.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Facebook Dail hears questions over design, funding and operation of Mica redress scheme Pinterestcenter_img Google+ Facebook Government issues travel advice for those going to the Euros Google+ Homepage BannerNews WhatsApp Previous articleWork to begin on Donegals first ever animal rehabilitation centreNext articleJulian Cuddihy pleads not guilty to the murder of his parents by reason of insanity News Highland Man arrested in Derry on suspicion of drugs and criminal property offences released Twitter Dail to vote later on extending emergency Covid powers last_img read more