Fannie Mae And Freddie Mac Announce HARP Update; More U.S. Homeowners Now HARP-Eligible

The Federal Home Finance Agency (FHFA) has released a formal HARP update.

Effective immediately, the start date HARP-eligible loans must be on, or before, May 31, 2009 where "start date" is defined as the note date -- the date on the mortgage. Previously, HARP was only available to homeowners whose mortgages were sold and securitized on, or before, May 31, 2009.

It's a small change, but one that brings the program closer to HARP 3.

David Braun 

(630) 687-5800

www.david-braun.com