On Tuesday, July 28th, CNBC Host Dennis Kneale talked with CNBC's Michelle Caruso-Cabrera and her recent experience in the Home Affordable Refinance Program (HARP). See the video below: Dennis and Michelle got this story completely wrong. This program is meant to allow homeowners who couldn't refinance because of Loan-to-Value ratios, income, etc. The only loans that can be refinanced are those owned by Fannie Mae and Freddie Mac and the borrower still has to pay all the principal of the loan (no principal … [Read more...]
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