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Fannie and Freddie are announcing the HARP program. The president is also talking about it today and it was very visible on Bloomberg this am.  Please find attached the information they published today.  I this program a few weeks ago and have been helping clients with this refinance since this summer.  The news today is that they are reducing the 125% Loan to Value to unlimited but this has not be implemented to our level yet but it is coming.   

Keep in mind this applies to loans only owned by Freddie or Fannie and closed before 5/31/2009. Hence the loan amounts are less than $417,000.   Clients whose loan was an owner occupied and now an investment still qualify!  It is a great opportunity for many borrowers, please make sure anyone you knows reviews this opportunity if they are underwater and still have a job!

Don Clark Broker Associate

1237 Camino Del Mar

Rancho Santa Fe, Ca. 92014

858 997 3859