Harris Supports the Making Home Affordable Plan
06 Março 2009 - 6:47PM
PR Newswire (US)
Plan expected to help families restructure or refinance mortgages
to avoid foreclosure CHICAGO, March 6 /PRNewswire/ -- Harris today
announced its support for the Making Home Affordable plan. The
Making Home Affordable plan is part of President Obama's broad
comprehensive strategy to get the economy and the housing market
back on track by restructuring or refinancing mortgages to avoid
foreclosures. Harris is working to incorporate key elements of the
Home Affordable Modification program for its own loans and loans it
services for Fannie Mae and Freddie Mac, as well as all other
investors unless their servicing contract prohibits it.
Additionally, Harris will offer the Home Affordable Refinancing
program to customers with Fannie Mae and Freddie Mac loans. Harris
will also be suspending foreclosures on owner occupied residential
first mortgages through April 30, 2009. "We support the goals of
the Making Home Affordable plan and believe this plan will help
people across the country while also improving the overall
stability of our economy," said Chris McComish, executive vice
president, Head of Retail Banking for Harris. "This program builds
on the efforts we have already undertaken to help keep our
customers in their homes, prevent foreclosures, and help make
housing more affordable for those who have been impacted by the
economic downturn." Customers seeking more information on
eligibility or the documents they need to qualify for refinancing
or loan modifications are encouraged to visit
http://www.financialstability.gov/. Harris customers can also call
the bank for more information at 800-207-3058. About Harris Harris
is an integrated financial service organization providing more than
1.2 million personal, business and corporate clients with banking,
lending, investing and wealth management solutions. The
organization is a member of the BMO Financial Group (NYSE, TSX:
BMO), which also provides corporate and investment banking services
in the U.S. under the BMO Capital Markets name. Harris(R) is a
trade name used by various financial service subsidiaries of Harris
Financial Corp. Banking products and services are provided by
Harris N.A., The Harris Bank, N.A. and their bank affiliates.
Members FDIC. Brokerage products are offered through Harris
Investor Services, Inc. (HIS), a registered broker/dealer, member
FINRA/SIPC, and SEC registered investment adviser. Insurance and
annuities are offered through Harris Bancorp Insurance Services,
Inc. (HBIS). Securities are provided by BMO Capital Markets Corp.
(BMOCM), a registered broker dealer and member NYSE, FINRA and
SIPC. HIS, HBIS and BMOCM are affiliated companies and are wholly
owned subsidiaries of Harris Financial Corp. Products offered by
HIS, HBIS and BMOCM are Not Insured by the FDIC or any Federal
Government Agency, Not a Deposit of or Guaranteed by Any Bank or
Bank Affiliate, May Lose Value. The purchase of insurance or an
annuity is not a condition to any bank loan or service. Financial
planning and investment advisory services are provided by Sullivan,
Bruyette, Speros & Blayney, Inc., an SEC registered investment
adviser. Family Office Services are provided by Harris myCFO, Inc.
Investment advisory services are offered by Harris myCFO Investment
Advisory Services LLC, an SEC registered investment adviser and
wholly-owned subsidiary of Harris myCFO, Inc. Not all products and
services are offered in every state and/or location. DATASOURCE:
Harris CONTACT: Chris Nardella of Harris, +1-312-461-6625 Web Site:
http://www.harrisbank.com/
Copyright