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HARP Refinances Rise Above Projected Amount

HARP Refinances Rise Above Projected Amount

| Mar 14, 2013 | Housing Market

According to the HARP report, 297,461 refinances took place last year, and of those refinances 25% had 125% loan-to-value ratios. The Home Affordable Refinance Program stated that approximately 1.1 million of Freddie Mac and Fannie Mae mortgages experienced some form of Refinancing in 2012, rising above expected mortgage refinances projected for 2012. The Federal Housing Finance Agency reports that 2.2 million loans have been refinanced since the program began in 2009. More here

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