Freddie Mac: HARP Extended Another Year
On May 8, Freddie Mac issued a release announcing the direction of the Federal Housing Finance Agency (FHFA) to extend the implementation of the Home Affordable Refinance Program (HARP) through December 31, 2016.
HARP Extended Another Year
The Federal Housing Finance Agency has directed Freddie Mac and Fannie Mae to extend the implementation of the Home Affordable Refinance Program® (HARP) through December 31, 2016. The program had been set to expire on December 31, 2015.
As a result of the extension, we are revising the eligibility dates for Freddie Mac Relief Refinance MortgagesSM-Same Servicer and Open Access as follows: Relief Refinance Mortgages must have Application Received Dates on or before December 31, 2016, and Freddie Mac Settlement Dates on or before September 30, 2017.
The Single-Family Seller/Servicer Guide (Guide) will be updated with a future Guide Bulletin to reflect these changes.
No other changes are being made to HARP or our Relief Refinance Mortgage eligibility criteria at this time.
See Freddie Mac Relief Refinance MortgagesSM for more information on our implementation of HARP.
Please click here to view the release online.
Safeguard Properties is the mortgage field services industry leader, preserving vacant and foreclosed properties across the U.S., Puerto Rico, Virgin Islands and Guam. Founded in 1990 by Robert Klein and headquartered in Cleveland, Ohio, Safeguard provides the highest quality service to our clients by leveraging innovative technologies and proactively developing industry best practices and quality control procedures. Consistent with Safeguard’s values and mission, we are an active supporter of hundreds of charitable efforts across the country. Annually, Safeguard gives back to communities in partnership with our employees, vendors and clients. We also are dedicated to working with community leaders and officials to eliminate blight and stabilize neighborhoods. Safeguard is dedicated to preserving today and protecting tomorrow. Website: www.safeguardproperties.com.