The Federal Housing Finance Agency (FHFA) announced changes to the Home Affordable Refinance Program (HARP). They hope to attract more eligible borrowers who can benefit from refinancing their mortgage loan.
Freddie Mac and Fannie Mae have adopted the changes to the HARP and you may be eligible to take advantage of these changes. If your mortgage is owned by Freddie Mac or Fannie Mae, you may be eligible to refinance your mortgage under the enhanced and expanded provisions of HARP.
Read more about it in this article that appeared in the Orlando Sentinel on 11/30/2011.
You can determine whether your mortgage is owned by Freddie Mac or Fannie Mae by checking the following websites:
