TITLE

Federal Agencies Make Changes to the Home Affordable Refinance Program

AUTHOR(S)
Mau├ęs, Julia; Fuchs, Jim
PUB. DATE
December 2011
SOURCE
Bridges (Federal Reserve Bank of St. Louis);Winter2011, p6
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the changes made by the Federal Housing Finance Agency (FHFA) to the Home Affordable Refinance Program (HARP). It states that the goal of the changes is to increase the number of borrowers qualified to refinance their home mortgages while minimizing credit risk for the government-sponsored enterprises (GSE) Fannie Mae and Freddie Mac. It notes that the changes include extension of the program and Elimination of risk-based fees for borrowers.
ACCESSION #
74009110

 

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