“FHFA has reviewed the current market situation and the state of mortgage insurance availability and has determined that the market conditions that necessitated the actions taken last year have not materially changed,” said DeMarco. “Accordingly, to support and promote market stability, and to encourage lenders and other mortgage market participants to fully adopt the HARP program, including the implementation of the October 2009 expansion of loan-to-value ratios (LTVs) to 125 percent, FHFA is authorizing the extension of HARP until June 30, 2011.”
In 2009, Fannie Mae and Freddie Mac purchased or guaranteed more than 4 million refinanced mortgages. Of this total, 190,180 were HARP refinances with LTVs between 80 percent and 125 percent.
The HARP began in April 2009 and has grown over the past few months. Homeowners can visit www.MakingHomeAffordable.gov for additional
information on the program, or contact us.County Properties, 23 years of brokerage experience, trust and a
Member of the local Better
Business Bureau! We offer free counseling in real estate regarding;
home values and information on options of selling vs. Foreclosure.
If
you have equity in your home, we will sell your home and get top dollar
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also and close escrow in 45-60 days or less. Learn more about mortgage
relief options and how to take advantage of our FREE
REALTOR (R) /ATTORNEY CONSULTATION.
Please feel free to contact me today for free counseling at (619) 301-0200 or Toll free (866) 825-8124 visit our website, click CountyProperties.net
By the way…if you know of someone who would appreciate the level of service in real estate we provide, please call me or have them go to www.CountyProperties.net and I’ll be happy to follow up and take great care of them.
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