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Financial Services Law Insights and Observations

FHFA Announces Two-Year HARP Extension

Freddie Mac Fannie Mae Mortgage Servicing HAMP / HARP FHFA

Lending

On April 11, the FHFA announced that Fannie Mae and Freddie Mac will extend the Home Affordable Refinance Program (HARP) to December 31, 2015. The program was set to expire at the end of 2013. In addition, the FHFA plans to launch a nationwide campaign to educate consumers about HARP. The FHFA announcement also includes HARP frequently-asked-questions and eligibility criteria for a HARP refinance.