United Guaranty Insights
HARP Plays on Through 2016
By Teresa Chalmers, Operation Team Manager, Loan Modification
United Guaranty Corporation
Posted on June 5, 2015
Providing very good news for homeowners who saw the value of their homes decline in recent years, the federal HARP refinance program has been extended through 2016.
United Guaranty has helped more than 80,000 borrowers refinance with HARP since the program began in 2009.
HARP is designed for borrowers who are current on their mortgages, but may have been unable to get traditional refinances because the value of their homes declined. Since HARP was launched in 2009, 3.3 million homeowners nationwide have refinanced at lower interest rates—which means less out-of-pocket costs each month.
HARP has been extended through December 2016, but eligible homeowners should act quickly to take advantage of today's historically low interest rates. United Guaranty has a dedicated HARP web page. You can also get more information at HARP.gov.
Teresa Chalmers is Operation Team Manager—Loan Modification, responsible for overseeing the HARP program and Traditional and Refi Certificate modifications of performing loans. She previously held a number of positions in Loss Management, including Claims Control Team Manager, Operations Support Team Leader, and Quality Review Analyst. Prior to joining United Guaranty in 2010, she was a broker with GMAC for six years.
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