Homeowner Affordability and Stability Plan HASP Home Affordable Refinance Programs HARP• Fannie Mae

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Homeowner Affordability and Stability Plan HASP Home Affordable Refinance Programs HARP• Fannie Mae Refi PlusTM • Fannie Mae DU Refi PlusTM • Freddie Mac Relief Refinance Mortgage SM - Same Servicer • Freddie Mac Relief Refinance Mortgage SM - Open Access Home Affordable Modification Programs HAMP • Fannie Mae Home Affordable Modification • Freddie Mac Home Affordable Modification 2 Homeowner Affordability and Stability Plan HASP Home Affordable Refinance Programs HARP • Fannie Mae Refi PlusTM • Fannie Mae DU Refi PlusTM • Freddie Mac Relief Refinance Mortgage SM - Same Servicer • Freddie Mac Relief Refinance Mortgage SM - Open Access Home Affordable Modification Programs HAMP • Fannie Mae Home Affordable Modification • Freddie Mac Home Affordable Modification Freddie Mac Relief Refinance Open Access Mortgages PROGRAM OVERVIEW Freddie Mac Bulletin, Program Eligibility Parameter s Freddie Mac Relief Refinance Open Access Mortgages 3 Relief Refinance: Open AccessSM Assist Borrowers Who are Current on Mortgage Payments – Refinance Options – Improve Financial Situation – Helps in Situations Where: • Home Values Declined, or • Limited Credit Available.


New Mortgage Requirements Refinance proceeds cannot payoff second (junior) liens.– Subordinate mortgages must be either:• Re-subordinated. • Paid off with funds other than the proceeds of the Relief Refinance Mortgage. – It does not matter if those loans were used to acquire the property. (purchase money)

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