About Government Refinance and Home Purchase Programs

Information and Updates on Government Mortgage Programs
Filed under HARP Program Loans or The Obama Refinance Program

A few weeks ago President Obama hinted at a new mortgage refinancing plan his administration was cooking up. Most speculations since then have been that the new plan would be an expansion of the Home Affordable Refinance Program (HARP) to make it available to even more borrowers than the current version of the program. Treasury Secretary Tim Geithner recently said more that would indicate a new plan will be announced soon. We get these quotes from a recent Wall Street Journal blog post:

“My sense is, based on what I’ve seen…it’s going to be meaningful enough to make a difference,” Mr. Geithner said at a Senate Banking Committee hearing…

“They are looking at a range of things and you’ll see more details in a couple of weeks,” Mr. Geithner said.

Stay tuned. It sounds like the changes will be announced in the next few weeks.

In the meantime, rates continue to test new lows this month. Contact us in the sidebar to learn more about the refinance programs that could help you.

Comments (0) Posted by G.R.A. Admin on Thursday, October 6th, 2011

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