TITLE

HARP News Adds Uncertainty to MBS

AUTHOR(S)
Runyan, Sally A.; Reuters, Thomson
PUB. DATE
December 2011
SOURCE
Mortgage Servicing News;Dec2011, Vol. 15 Issue 12, p29
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the impact of modifications to the Home Affordable Refinance Program (HARP) on mortgage-backed securities (MBS) in the U.S. The changes, which were announced by the Federal Housing Finance Agency in November 2011, will inferred cause homeowners eligible to refinance their mortgages. Changes to the program includes removal of the 125% loan-to-value (LTV) ratios, extension of HARP date, and elimination of loan-level price adjustments.
ACCESSION #
67629225

 

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