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 | The Federal Housing Finance Agency (FHFA) announced it has extended the Home Affordable Refinance Program (HARP) to June 30,2012. The HARP program was scheduled to end June 30,2011. This program is designed to help homeowners whose homes have lost value. Through 2010 there have been 621,803 HARP refinances with loan amounts from 80 [...] Dennis Norman Today the Federal Housing Finance Agency announce proposed guidance that would prohibit Fannie Mae,Freddie Mac and the Federal Home Loan Banks from investing in mortgages with private transfer fee covenants. Considering that covers the lenders that originate,invest in or,or insure over 90 percent of the homes in the U.S. [...] Dennis Norman UPDATE June 21,2010- I said I would update this post after the proposed rules were published on the Federal Register with info on how to submit a comment -If you would like to comment,see the comment instructions in the Federal Register (I highlighted them) by clicking here -end of update. [...] Dennis Norman In contrast to my post yesterday about the NAR existing home sales report showing median home prices increased in March and April,today the S&P/Case-Shiller Index report for the first quarter of 2010 was released showing that the U.S. National Home Price Index fell 3.2 percent in the first quarter of 2010,[...] | ||||
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