The Best Housing Program You've Never Heard Of

The best housing program you've never heard of. "Of all of the various government housing programs run by various federal agencies, [the Home Affordable Refinance Program] is the most effective and efficient one out there...[A]fter HARP was modified in 2011, refinances increased significantly. The total number of avoided foreclosures has passed 3 million. What does the HARP 2.0 program actually do? It takes people who are underwater in a variety of expensive, or ill-advised or even predatory mortgages, and allows them to refinance their homes into traditional conforming 30-year fixed mortgages. A broad assortment of "interest-only" mortgages, 2/28 teaser rates, adjustable-rate interest-only loans are eligible under the program." Barry Ritholtz in Bloomberg.