Senate GOP Opposition to HARP 3.0 Thaws As House Democrats Blast HARP 2.0 Results
May 31, 2012
Although at least one Senate Republican shows interest in a plan to expand the Home Affordable Refinance Program, the outlook for Congressional action remains doubtful and House Democrats are pushing the Federal Housing Finance Agency to make further HARP changes administratively. During a Senate Banking, Housing and Urban Affairs Committee hearing last week on legislation to expand HARP, Sen. Bob Corker, R-TN, said he was open to the proposal. I hope that well have a real mark-up on this bill, he said. Senate Democrats Robert Menendez (NJ) and Barbara Boxer (CA) have introduced legislation...