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Thursday, November 3, 2011

4 Big Lenders Support HARP 2

Bank of America, Chase, Citigroup and Wells Fargo have expressed interest in participating in the HARP 2 Program announced by President Obama.

See yesterday's blog for the details of program.

HARP 2 will best help homeowners who have a high adjustable rate mortgage or an interest only loans. These loans will be replaced with low interest fixed rate loans, ultimately reducing the monthly payments.

HARP 2 will not help the unemployed or those who have missed a mortgage payment in the past year.
Posted by Unknown at 9:00 AM

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