Fannie Mae and Freddie Mac will implement a new high loan-to-value refinance option in October 2017 to replace the Home Affordable Refinance Program but lenders say it’s too early to know what to expect. While HARP was set to expire at the end of the year, the Federal Housing Finance Agency extended it to Sept. 30, 2017, so there is no gap in refinance offerings. The new high loan-to-value streamlined refinance option has not been named yet, but targets borrowers who are current on their mortgage loans, but have not been able to refinance through traditional programs because of high loan-to-value ratios.