Expansion of Home Affordable Refinance Program (HARP)
Today Fannie Mae published an announcement in accordance with changes made by the Federal Housing Finance Agency (“FHFA”) to the Home Affordable Refinance Program (“HARP”). FHFA has extended the program to expire on December 31, 2016. The program was set to expire on December 31, 2015.
As a result, Fannie Mae is extending the period during which mortgage loans may be originated under its DU Refi Plus™ and Refi Plus™ programs as follows:
- All such mortgage loans must now have application dates on or before December 31, 2016;
- All whole loans originated under these programs must be purchased by Fannie Mae no later than September 30, 2017, or in MBS pools with issue dates no later than September 1, 2017.
For questions, please contact the Fannie Mae Fixed-Income Investor Helpline at 1-800-237-8627 or by e-mail.
Originally published: 05/12/2015