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Opinion
Barry Ritholtz

The Best Housing Program You've Never Heard Of

Of all of the various government housing programs run by various federal agencies -- Federal Housing Administration, Federal Housing Finance Agency, Housing and Urban Development and, of course, Fannie Mae -- HARP is the most effective and efficient one out there. 

Of all of the various government housing programs run by various federal agencies -- Federal Housing Administration, Federal Housing Finance Agency, Housing and Urban Development and, of course, Fannie Mae -- HARP is the most effective and efficient one out there. Odds are you have never even heard of the Home Affordable Refinance Program.

And that is a shame, because it is doing what it was designed to do: Help qualified homeowners refinance underwater homes and avoid foreclosure.