Personal Finance Advice and Commentary

Wednesday, March 20, 2013 10:20 am
By Polyana da Costa · Bankrate.com

About 1.7 million homes regained equity in 2012. Now we only have another 10 million to go.

Tuesday, July 03, 2012 1:23 pm
By Crissinda Ponder · Bankrate.com

The Obama administration is proposing HARP 3.0, a mortgage refinancing plan intended to simply the refinancing process.

Monday, June 18, 2012 5:38 pm
By Judy Martel · Bankrate.com

Critics accuse the largest mortgage servicers of charging HARP borrowers higher rates.

Tuesday, November 29, 2011 2:38 pm
By Polyana da Costa · Bankrate.com

Here are some not-so-fun facts on borrowers who owe more on their mortgages than their houses are worth. About 10.7 million homes in the United States were underwater in the last three months, compared to 10.9 million in the last quarter, shows a report by CoreLogic. About 22.1 percent of all residential properties with a

Wednesday, November 16, 2011 10:46 am
By Holden Lewis · Bankrate.com

For underwater homeowners who want to refinance their mortgages, the details of HARP 2 are coming into focus. HARP 2 is a liberalized revision of the Home Affordable Refinance Program. (See Bankrate’s HARP page.) HARP’s goal was to allow homeowners to refinance their loans, even if they owed more than their homes were currently worth.

Monday, October 24, 2011 2:40 pm
By Polyana da Costa · Bankrate.com

An improved refinance program that is expected to allow millions of underwater borrowers to refinance their mortgages was just announced. Borrowers will be able to refinance their mortgages owned by Fannie Mae and Freddie Mac under the Home Affordable Refinance Program, or HARP, even if they owe more than what their house is worth. The

Tags: HARP, Refinance
Friday, September 02, 2011 1:56 pm
By Polyana da Costa · Bankrate.com

The Fed may switch gears into riskier territory to support a plan that could push mortgage rates even lower than they are now, in an effort to spur refinances, help underwater borrowers and boost the housing market. I know, you’re tired of hearing about all these government plans that sound good in theory but do

Friday, August 26, 2011 3:22 pm
By Polyana da Costa · Bankrate.com

The Obama administration is discussing a massive refinance plan to help millions of homeowners refinance at today’s historically low rates and avoid foreclosures, The New York Times reported this week. Wait, wasn’t that what HARP was supposed to have done when the government launched it in 2009? HARP, the Home Affordable Refinance Program, was designed

Tags: HARP, Mortgages
Tuesday, June 22, 2010 10:54 am
By Holden Lewis · Bankrate.com

Yesterday I wrote that the lender won’t refinance the mortgage if you owe more than the house is worth. Carol, a loan officer, gently reminded us of the existence of the Home Affordable Refinance Program. HARP is designed to let people refinance even though they are upside-down on their houses. I had forgotten about HARP,

Wednesday, March 31, 2010 3:22 pm
By Greg McBride, CFA · Bankrate.com

The Home Affordable Refinance Program is the real key to avoiding another wave of mortgage rate reset-induced defaults in the next few years.