White House Identifies Needed Fixes to HARP

Obama Administration officials have identified several constraints on the HARP program — including mortgage buyback risk — that are keeping Fannie Mae and Freddie Mac seller/servicers from refinancing underwater borrowers.

Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_428/white-house-needed-fixes-harp-1026491-1.html?CMP=OTC-RSS

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