The Federal Housing Finance Agency just released, on 10/24/11, their new enhancements for the existing HARP refinance program geared at helping homeowners who are upside down in their houses. The key issue is that this program will only help clients who's loans are currently owned by Fannie Mae or Freddie Mac! If you originally took out a Stated Income loan, or a loan amount over $417K, your loan won't be sold to these institutions. The good news is that they are removing the need for an Appraisal and the 125% limitation on how far upside down you cold be. Hopefully, this program will help more American's refinance which should help to bolster our economy.