Home Affordable Refinance Program
GPTKB entity
Properties (64)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
government program
|
| gptkbp:aimsTo |
help homeowners refinance their mortgages
|
| gptkbp:hasAbility |
must be current on mortgage payments
loan must be originated before June 1, 2009 loan_must_be_owned_by_Fannie_Mae_or_Freddie_Mac |
| gptkbp:hasExhibition |
multiple times
|
| gptkbp:hasImpactOn |
housing market stability
homeowner equity |
| gptkbp:hasResidence |
millions of refinanced loans
|
| https://www.w3.org/2000/01/rdf-schema#label |
Home Affordable Refinance Program
|
| gptkbp:introduced |
2009
|
| gptkbp:isAttendedBy |
gptkb:U.S._Department_of_the_Treasury
|
| gptkbp:isAvailableIn |
gptkb:Fannie_Mae
Freddie Mac all_U.S._states |
| gptkbp:isConsidered |
temporary measure
a model for future programs a key component of housing recovery a response to the housing crisis |
| gptkbp:isCriticizedFor |
complex application process
limited outreach efforts not addressing all housing issues not reaching all eligible homeowners |
| gptkbp:isDesignedFor |
reduce monthly mortgage payments
provide access to lower interest rates |
| gptkbp:isDiscussedIn |
economic policy debates
policy forums financial news media |
| gptkbp:isEvaluatedBy |
gptkb:Congressional_Budget_Office
Government Accountability Office financial institutions effectiveness housing economists housing policy analysts impact on borrowers |
| gptkbp:isLinkedTo |
improved credit scores
increased home affordability increased consumer confidence greater financial stability for homeowners reduced foreclosure rates |
| gptkbp:isMonitoredBy |
gptkb:Federal_Housing_Finance_Agency
|
| gptkbp:isNotableFor |
vacation homes
investment properties |
| gptkbp:isPartOf |
economic recovery efforts
national economic strategy Making Home Affordable initiative federal housing policy financial reform efforts homeownership assistance programs mortgage market reforms |
| gptkbp:isPromotedBy |
government agencies
|
| gptkbp:isPromotedThrough |
online resources
public awareness campaigns |
| gptkbp:isRelatedTo |
HARP 2.0
mortgage relief programs |
| gptkbp:isSubjectTo |
regulatory changes
|
| gptkbp:isSupportedBy |
community organizations
real estate professionals consumer advocacy groups mortgage lenders |
| gptkbp:launched |
gptkb:Federal_Housing_Finance_Agency
|
| gptkbp:provides |
lower interest rates
|
| gptkbp:requires |
no new appraisal in many cases
|
| gptkbp:targetAudience |
underwater homeowners
|