Home Affordable Refinance Program (HARP)
GPTKB entity
Statements (43)
| Predicate | Object |
|---|---|
| gptkbp:instance_of |
gptkb:government
|
| gptkbp:addressed |
housing market instability
|
| gptkbp:administered_by |
gptkb:Federal_Housing_Finance_Agency_(FHFA)
|
| gptkbp:aims_to |
help homeowners refinance their mortgages
|
| gptkbp:aims_to_improve |
homeowner financial stability
the refinancing process |
| gptkbp:allows |
refinancing without an appraisal
|
| gptkbp:benefits |
lower interest rates
|
| gptkbp:ended |
September 30, 2017
|
| gptkbp:enhances |
home affordability
|
| gptkbp:facilitates |
stabilize the housing market
access to lower interest rates |
| gptkbp:has_limitations |
certain loan types
|
| gptkbp:has_worked_with |
millions of homeowners
|
| gptkbp:helps |
reduce monthly mortgage payments
|
| https://www.w3.org/2000/01/rdf-schema#label |
Home Affordable Refinance Program (HARP)
|
| gptkbp:introduced |
gptkb:2009
|
| gptkbp:is_a_federal_initiative |
to assist struggling homeowners
|
| gptkbp:is_a_government-backed_program |
for mortgage refinancing.
|
| gptkbp:is_a_tool_for |
financial recovery
|
| gptkbp:is_aimed_at |
reducing the risk of default
|
| gptkbp:is_associated_with |
gptkb:financial_crisis_of_2008
lowering monthly payments |
| gptkbp:is_available_in |
investment properties
primary residences |
| gptkbp:is_beneficial_for |
borrowers with high loan-to-value ratios
|
| gptkbp:is_designed_for |
borrowers with little or no equity
|
| gptkbp:is_designed_to |
homeowners with good payment history
|
| gptkbp:is_not_a_loan |
but a refinancing option
|
| gptkbp:is_part_of |
U. S. government housing policy
|
| gptkbp:is_part_of_a_broader_effort |
to recover from the economic downturn
|
| gptkbp:provides |
flexible underwriting standards
|
| gptkbp:provides_support_for |
borrowers facing financial hardship
|
| gptkbp:replaced_by |
Fannie Mae and Freddie Mac's new refinance programs
|
| gptkbp:requires |
loan to be owned by Fannie Mae or Freddie Mac
|
| gptkbp:requires_that_the_loan_be |
at least 6 months old
|
| gptkbp:target_audience |
underwater homeowners
|
| gptkbp:type_of |
refinancing program
|
| gptkbp:was_a_response_to |
rising foreclosure rates
the subprime mortgage crisis |
| gptkbp:was_part_of |
gptkb:Making_Home_Affordable_initiative
|
| gptkbp:bfsParent |
gptkb:Making_Home_Affordable_Program
|
| gptkbp:bfsLayer |
7
|