To: President Donald Trump
HARP3
we petition the obama administration to:
FHFA to Eliminate the Cutoff Date of June 1st, 2009 for the HARP 2.0 Program.
Right now, only borrowers that have a loan endorsed by Fannie Mae or Freddie Mac prior to June 1st, 2009 can take advantage of the current HARP program. That date is over 3.5 years ago and interest rates have come down much further since that time. This would possibly push the date up or even eliminate that provision, so almost all borrowers can take advantage of the current interest rates today.
Also, if a homeowner refinanced using the HARP program at any point, they cannot use the same program again, it was supposed to be a one time use. But once again, since the program rolled out, mortgage interest rates have dropped dramatically. The elimination of this provision would allow more borrowers to reduce their payments and help give a boost to our economy.
Signatures needed by March 10, 2013 to reach goal of 100,000
FHFA to Eliminate the Cutoff Date of June 1st, 2009 for the HARP 2.0 Program.
Right now, only borrowers that have a loan endorsed by Fannie Mae or Freddie Mac prior to June 1st, 2009 can take advantage of the current HARP program. That date is over 3.5 years ago and interest rates have come down much further since that time. This would possibly push the date up or even eliminate that provision, so almost all borrowers can take advantage of the current interest rates today.
Also, if a homeowner refinanced using the HARP program at any point, they cannot use the same program again, it was supposed to be a one time use. But once again, since the program rolled out, mortgage interest rates have dropped dramatically. The elimination of this provision would allow more borrowers to reduce their payments and help give a boost to our economy.
Signatures needed by March 10, 2013 to reach goal of 100,000
Why is this important?
The White House petition to expand HARP 3.0 #MyRefi is currently up on the White House website and the petition needs to reach 100,000 signatures before there is a response from the President of the United States. HARP 3.0 has not yet become a reality, which has frustrated many homeowners who are still currently struggling to make their mortgage payments and cannot do anything about it. Homeowners that are still “underwater” on their property and/or make less income than before the recession hit cannot qualify for a new mortgage. Currently, if you refinanced using the HARP program before, you cannot use it again or if your loan was endorsed by Fannie Mae or Freddie Mac on or after June 1st, 2009 you cannot take advantage of the program at all. HARP 3.0 would possibly revamp those provisions.