All quiet on Harp 3.0 – Call your members of Congress!

The new director of the FHFA Mel Watt has been on the job for roughly 1 month. In that time nothing new in regards to changes for the HARP program have surfaced. The Troll himself has written an email to the director at . I encourage all of you to do the same. I specifically wrote about underwater mortgages ineligible for the current HARP rules due to them not being backed by Fannie Mae/Freddie Mac. Here is the paraphrased response I received –


Thank you for contacting the Federal Housing Finance Agency (FHFA), the regulator and conservator for Fannie Mae and Freddie Mac.

Although there is pending legislation, at this time there is not a HARP 3.0 program in place. Therefore, you may wish to contact the members of Congress that represent your area. Should there be a future announcement regarding any changes to the HARP guidelines, it will be posted at

The FHFA does not have the legal  authority to extend the HARP program to those entities outside of Fannie Mae and Freddie Mac.


So there you have it. Although there is pending legislation it appears we still need momentum to get this over the hump. If you want an opportunity to save money by refinancing Shout it from the Rooftops! Millions of people could be affected in a positive way. The Troll knows because he has helped hundreds do it.

The Troll

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