refi: HARP refi loans... they ain't dead yet!!!
- 11/04/13 03:04 AM
Rates went up quickly earlier this summer… but when the Feds said they’re not going to start TAPERING their buying of MBS (mortgage backed securities) on September 19th rates slid back down. Many “mortgage guys” out there were Chicken Little and thought the sky was falling and the world was ending. I just picked up 2 of these HARP (Home Affordable Refinance Program) loans just this past week. On both occasions the borrower knew about the program the last couple years but due to an “economic event” (late mortgage payment, job layoff, prior bankruptcy, etc.) they didn’t qualify (0 comments)
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