President Obama’s speech introducing his new Jobs Act included a pledge to refinance millions of home mortgages. Documents released since then by the White House and a key housing regulator reveal that the government-led refi push will indeed center around an overhaul of the Home Affordable Refinance Program (HARP). The administration says it intends to remove the barriers that exist in the current program to allow more borrowers to qualify as long as they have a history of making their payments on time.
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