May 30, 2013
HARP Loan Modifications - Changes to United Guaranty’s HARP Program Requirements - Effective May 31, 2013
With the two-year extension of the Home Affordable Refinance Program (HARP) and our recent evaluation of the remaining HARP-eligible loans in force that have a proven payment history, United Guaranty is changing its requirements for refinances under HARP to streamline the loan modification process for applicants. Effective May 31, 2013, United Guaranty will waive its rights to rely on the representations made in the original loan file for all HARP-eligible loans currently insured by United Guaranty.
The change will enable more applicants to have HARP loan modifications processed without a full-file review of the original loan documents, making the process easier for the home buyer and the lender.
Please contact your United Guaranty Account Representative if you have any questions concerning this announcement. For more information, please visit this page.