Yesterday the Federal Housing Finance Agency (FHFA), Fannie Mae, and Freddie Mac announced several changes to the Home Affordable Refinance Program (HARP), the details of which can be found here: http://www.fhfa.gov/webfiles/22721/HARP_release_102411_Final.pdf.

While the specific changes will not be released until November 15, 2011, below are some of the enhancements that were included in yesterday's announcement:

• No Loan-to-Value Limit: Under the current program borrowers are limited to a maximum mortgage of 125% of the home's current value. 悦博体育通过取消贷款对价值的限制，该计划将适用于更多目前抵押贷款资不抵债的房主。
• Lower Loan Level Price Adjustments ("LLPA's") and no LLPA's on loans with terms of 20 years or less; 最终结果将是大多数借款人再融资成本的降低。
• 增加符合资格申请查阅物业豁免的贷款数目。 就像LLPA发行一样，最终结果将是降低更多借款人的再融资成本。

Given that the agencies will not release the final draft of the changes until the middle of November, right now we are in a "wait and see" mode as to the ultimate impact these changes will have. 然而，乍一看，即将到来的变化是使HAMP计划适用于更多房主的积极步骤。

埃里克·汉德

埃里克·汉德是温德米尔抵押贷款服务公司的总裁。 Erik是一名成功的抵押贷款高管，他在该行业拥有20多年的经验，是西雅图抵押贷款银行家协会董事会成员。 When he’s not waxing poetic about mortgages and interest rates, Erik enjoys doing just about anything that will get him outdoors – rain or shine.