WATCH: FHFA Director Watt ensures HARP is not a scam”

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FHFA established the Suspended Counterparty Program (SCP) to help address the risk to Fannie Mae, Freddie Mac, and the federal home loan banks presented by individuals and entities with a history of fraud or other financial misconduct.

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Half of Americans Oppose Bailout for Troubled Homeowners “Without those assurances, the level of opposition would have remained the same,” says Rep. Instead of lending their new cash to struggling homeowners and. Mellon – received $125 billion, or half of the funds being doled out. When the Fed found Bank of America had a $50 billion capital hole, for.

WATCH: FHFA Director Watt ensures HARP is not a scam" Fannie’s interesting harp 2.0 shift; spotlight on the agencies; fortress’ chief to Take Some Time Off – Ed DeMarco, acting director of FHFA, has also weighed in publicly. using DTI (debt-to-income ratio) but as per HARP guidelines, no DTI calculation or evaluation is required if the.

"HARP is designed to reward those borrowers who are the most committed in this country," Watt said. "This is not a scam." The FHFA estimates that eligible borrowers could save nearly $2,300 per year on their mortgage payments with HARP. But Watt said too many borrowers are still not taking advantage of the program.

there is too much information out there now for this to be described as "incompetence" – that’s too simple of a solution. Just like with 9/11, WMD, etc. our "leaders" got faulty intellegence,

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I want to see Republicans turn RED, not because of party loyalty, but because of humiliation that they could have let their quest for power and respectability lead them down the path of utter failure.

New Refinancing Program Helps Low-Equitied Homeowners.. current on their mortgage makes financial sense both for borrowers and for Fannie Mae and Freddie Mac," said FHFA Director Melvin L. Watt.. Borrowers with existing HARP loans are not eligible for the new offering unless they have.