FHFA Announces HARP Education Effort

The Federal Housing Finance Agency (FHFA) announced a new program Monday that will seek to educate homeowners on potential refinancing options under the Home Affordable Refinance Program (HARP). The program aims to inform underwater homeowners of expanded HARP eligibility requirements and encourage homeowners to discuss refinancing options with their lenders.

“To date, more than 2.8 million homeowners have refinanced through HARP,” said FHFA Acting Director Edward DeMarco. “With the launch of this campaign we look forward to reaching those homeowners who may not know about the program or understand the eligibility criteria to take advantage of today’s low interest rates by refinancing through HARP.”

In order to publicize the program, FHFA has recruited HGTV personality Mike Aubrey to help promote HARP. “Harp is an absolute no brainer for eligible homeowners . . .”

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