Ever since President Obama proposed a new refinance program in his State of the Union address in January, one that would help “every responsible homeowner,” there has been chatter about HARP 3.0, a third version of the Home Affordable Refinance Program originally announced in 2009. Recently those rumors have intensified, as the Obama administration steps up support for legislative proposals to extend refinancing to more homeowners . Although no specifics have been given, there is general agreement that HARP 3.0 would allow underwater homeowners to refinance even if their mortgages were not owned or guaranteed by Fannie Mae or Freddie Mac , something that had been a prerequisite with HARP 1.0 and 2.0.