From January through May, HARP refinances
represented 9% or more of total refinances
in Florida and Georgia, more than double the 4% of total refinances
nationwide over the same period.
Homeowners also learn that they can save even more money by shortening their loan term through a refinance
The Federal Housing Finance Agency (FHFA) announced that more than 2 million loans have been refinanced through the Home Affordable Refinance
Program (HARP) since the program's launch.
Consumers who refinance
stand to benefit in a number of ways.
Some clients still seek mortgages to buy or refinance
homes, while others want to replace variable with fixed rate loans or tap accumulated home equity.
FHFA reported that in August HARP refinance
loans accounted for nearly half or more of all refinance
loans closed in Nevada, Arizona and Florida, while nationally the HARP share of all refinance
originations was 24 percent.
LPS' experienced consultants help lenders manage the complete refinance
process without having to increase internal staff.