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Wells Fargo reports nearly one million loan modifications in first half of 2009

Wells Fargo recently announced that,in the first half of 2009,through lower rates,refinances and modifications,it alone has helped nearly one million American homeowners lower their mortgage payments or restructure their mortgages.

Included in the loan modifications were:

Approximately 750,000 loans refinanced using the Home Affordable Refinance Program (HARP) More than 200,000 modifications [...]

Fannie Mae and Freddie Mac Increase LTV’s on Home Affordable Refinance to 125%

Dennis Norman

By:Dennis Norman

Effective the 1st of this month The Federal Housing Finance Agency has authorized Fannie Mae and Freddie Mac to expand the Home Affordable Refiance Program (HARP) to homeowners who are current on their mortgage payments from the present maximum loan to value of 105% to 125%. 

The program is [...]