Somewhere in the neighborhood of 600,000 homeowners may be interested in the announcement by FHFA head Mel Watt last Friday in California. In a prepared statement he gave at the Greenlining Summit, he announced that the HARP and HAMP programs would be extended through December 31, 2016 (currently they are set to expire at the end of 2015) and that many people who could benefit from getting HARP approved still haven't done so. From his remarks: In the meantime, we want to encourage the … [Read more...]