The federal government has made the announcement as of 10/24/2011 that the HARP program is going to have changes made and that may make it more accessible for home owner's who are current on their home, but maybe upside down. However this is the quote from the Press Release on when we will have the actual guidelines:
"The Enterprises (Fannie and Freddie) plan to issue guidance with operational details about the HARP changes to mortgage lenders and servicers by November 15. Since industry participation in HARP is not mandatory, implementation schedules will vary as individual lenders, mortgage insurers and other market participants modify their processes."
I promise to all of my current and hopefully future clients, as soon as we have the guidelines and are able to implement them, I will be working on them. Please be patient as we wait for the guidelines and shoot me an email or comment if you would like me to look at your personal situation in the coming weeks. dromero@abilitymortgage.com
Have a Great Weekend!
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