Home Affordable Refinance Program (HARP)
GPTKB entity
Properties (47)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
government program
|
| gptkbp:aimsTo |
help homeowners refinance their mortgages
|
| gptkbp:associated_with |
lower foreclosure rates
|
| gptkbp:benefits |
lower interest rates
|
| gptkbp:expansion |
multiple times
|
| gptkbp:expirationDate |
December 31, 2018
|
| gptkbp:financial_aid |
private_mortgage_insurance_(PMI)
|
| gptkbp:hasDepartment |
certain loan-to-value ratios
|
| gptkbp:hasPrograms |
provides financial relief
encourages homeownership supports sustainable homeownership aims to prevent foreclosures encourages responsible lending practices help reduce overall debt helps stabilize neighborhoods. |
| https://www.w3.org/2000/01/rdf-schema#label |
Home Affordable Refinance Program (HARP)
|
| gptkbp:initiatives |
supports economic recovery
|
| gptkbp:introduced |
2009
|
| gptkbp:is_a |
a refinancing option
|
| gptkbp:is_a_tool_for |
financial recovery for homeowners
|
| gptkbp:is_aimed_at |
homeowners regain equity
reducing monthly payments for homeowners |
| gptkbp:is_available_in |
investment properties
primary residences fixed-rate and adjustable-rate mortgages |
| gptkbp:is_designed_to |
lower monthly mortgage payments
stabilize the housing market borrowers with little or no equity borrowers facing financial hardship borrowers who owe more than their homes are worth homeowner financial stability |
| gptkbp:is_featured_in |
HAMP (Home Affordable Modification Program)
|
| gptkbp:is_part_of |
Making Home Affordable initiative
revitalize the housing market the_U.S._government's_housing_policy |
| gptkbp:is_used_in |
first-time homebuyers
millions of homeowners |
| gptkbp:issuedBy |
gptkb:Federal_Housing_Finance_Agency_(FHFA)
|
| gptkbp:leads |
increased home affordability
|
| gptkbp:matchType |
on-time mortgage payments
|
| gptkbp:provides |
access to refinancing options
|
| gptkbp:requires |
income and employment
loan_to_be_owned_by_Fannie_Mae_or_Freddie_Mac |
| gptkbp:targetAudience |
underwater homeowners
|
| gptkbp:was_a_response_to |
2008 financial crisis
the housing market collapse |
| gptkbp:works |
reduce monthly mortgage payments
|