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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.
1 times more likely than whites to receive a subprime refinance, up from 1.
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.
Now, with the Treasury's announcement, another star has come into place and rates have fallen to lows not seen in generations, which may spur some homeowners to refinance again.
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.
The seasonally adjusted refinance index increased to a record high of 9,387.
LPS' experienced consultants help lenders manage the complete refinance process without having to increase internal staff.
Headquartered in San Francisco, the company helps owners and developers of apartment and senior properties with all aspects of financing, including new construction loans, refinances, loan servicing and regulatory requirements.
NASDAQ:SLGN) reports that certain lenders led by Bankers Trust Company entered into a commitment letter under which they agreed to provide and to use their best efforts to arrange a syndicate of lenders to refinance in full Silgan's existing senior secured credit facility.