Reply to thread

Message: <blockquote data-quote="moreluck" data-source="post: 948735" data-attributes="member: 1246">I was listening to a discussion about the new HARP program that the pres. is pushing.  I was amazed when I heard some of the details about who qualifies.It's only for people who presently have 30 yr. fixed loans. You don't have to be a real estate whiz to know that the people in the most trouble had adjustable rate mortgages (ARMs).You also have to be current on your mortgage payments and can't have had but one late in 6 or 12 months (I forget which)If you were current on your mortgage with no lates, you probably aren't in much distress. It seems to me, given the qualifications, this program won't help many who are upside down in their homes.Timing of course is to make him look like the hero rescuer......however, I think people will see this plan for what it is.</blockquote>