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Hello my loyal followers. Today I’d like to provide some news about Harp 3.0. At long last, the Democrats in the Senate have overcome the Republican filibuster to the nomination of Mel Watt as director of the Federal Housing Finance Agency. As previously posted, this means that Mel Watt is officially the director of the FHFA and all indications are that he will push Harp 3.0 into action. Mel Watt is a longtime congressman of North Carolina was tabbed to be the director of the FHFA by the Obama administration. The goal of the nomination was to bring mortgage relief to the millions of Americans that have not been able to refinance under the current Harp 1.0 or 2.0 structure. Specifically those homeowners with mortgages not backed by Fannie Mae or Freddie Mac. In addition to those folks there is speculation that the program will be widened to include re-Harping, changing eligibility dates to increase the availability of Harp 3.0 to more Americans and streamlining the employment and income requirements to allow those previously unable to qualify to take advantage of the program as well. These are big changes that will bring historic interest rates to millions! This is the moment many have been waiting for!

I will update the blog as soon as more information comes available.

The Troll