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U.S. Officials Try To Rebuild Momentum In Stalling Mortgage Refinance and Modification Programs

Wall Street Journal

July 08, 2014, By Joe Light

 

Federal Housing Finance Agency director Mel Watt on Tuesday kicked off a new push to get eligible homeowners into the Home Affordable Refinance Program, or HARP, beginning with a town hall meeting in Chicago. The FHFA estimates there are more than 650,000 HARP-eligible borrowers nationwide who would benefit from the program.

Mr. Watt’s campaign begins a couple weeks after Treasury Secretary Jack Lew announced that the Making Home Affordable program, which includes the Home Affordable Modification Program, or HAMP, would be extended for another year through 2016.

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