Make Harp 3.0 Happen

Advocating for The Expansion of the Home Affordable Refinance Program

Housing Recovery Perceptions Are Hindering HARP 3.0

HARP 3.0 Count Up Clock:

Failure of The Obama Administration, Congress, The FHFA, and Other Policy Makers To Implement HARP 3.0 Has Now Reached 2822 days 22 hours 42 minutes 40 seconds

Please click here to sign the HARP 3.0 Count Up Clock Petition

Since launching The HARP 3.0 Count Up Clock Petition two weeks ago it has become painfully evident to me that the perceptions of this sham housing recovery are greatly hampering the efforts of underwater homeowners that are pushing to expand the Home Affordable Refinance Program. The perception held by policy makers, the media, and much of the public is that the housing recovery has resolved the issue of negative equity home ownership. It simply isn’t true. Millions of people are still underwater on their mortgages. And what is really scary is that housing recovery is way softer than most people realize. This sham housing “recovery” has been greatly fueled by investors making all cash purchases and sales of distressed homes. We are a long long way from a true housing recovery. But the cries of assistance have fallen on deaf ears. I spared no expense in blasting a press release to announce the HARP 3.0 Count Up Clock Petition. I followed up that media blitz with hundreds of emails to individual members of the media. The result: two small articles and a couple of email responses from journalists that have promised to check it out. It is actually quite amazing the number of signatures we have managed to garner with virtually no exposure from the media.


What really burns me up is that yesterday the FHFA issued a release that the HARP program has officially passed the 3 million loan mark. The media jumped on this news as an opportunity to declare the HARP program as a great success. This would have been a perfect chance for news organizations to also mention how many people have not been helped by HARP, and how many underwater homeowners could benefit from HARP 3.0. Much like our policy makers, the media has dropped the ball on this under reported story. Even worse is that the HARP program is touted for being a much greater success than it truly is. At the height of the housing crisis more than 15 million homeowners were underwater. Several million other homeowners had so little equity that refinance opportunities outside of HARP weren’t available. Less than 1 out of every 5 homeowners that the HARP program was designed to help have been able to refinance under HARP. 20% is a pretty crummy success rate if you ask me.

Here is the list of media coverage the HARP 3.0 Count Up Clock Petition has received thus far: Find out who wants to force HARP 3.0 HARP 3: Experts Weigh In on When New HARP Program will Happen


Updated: February 11, 2014 — 12:23 pm


Add a Comment
  1. Thank you Marcus for all that you do. I am also patiently waiting for harp 3. We bought in 2006 and put our 20% down. At that time anything over 417000 was considered jumbo. So needless to say our loan is a jumbo and not owned by Fannie or Freddy. Our current situation is that we are about even with what we owe and our value. Please continue your push for harp 3, I really do feel it is right around the corner and will help so many of us out there. I definitely can’t come soon enough for so many

  2. I totally agree. I have been waiting for help for a very long time. As a single mom, I truly need the lowered payment and my home’s value is way underwater. I support this effort 100% and have gone to the website to sign the petition for the countdown. I hope policy makers honor our struggle.

  3. I eagerly await HARP 3 I have written my congressman and Senators and received the standard replies. I will make sure I remember them at the polls!
    I hope the program passes soon.
    Thank you for highlighting the plight of the responsible homeowner

  4. Please keep pushing for HARP3. I refinanced in Nov, 2009 with BOA who sold loan to FANNIE MAE. I am 82 yrs old and have been in the house for 22 yrs. Currently about $100,000 underwater, but current on all payments. House needs repairs, which I cannot afford as my retirement money has almost run out. I will be broke in about 6 months. Need a principal reduction and lower interest rate (currently 4.875%)to live out our years in this house. If someone would just get out and talk to the people they will quickly see that almost everyone is hurting!

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Make Harp 3.0 Happen © 2013 - 2014 Frontier Theme