‘HARP 2.0’ Could Help 6.7 M More Borrowers

February 7, 2012

Changes made to the Home Affordable Refinance Program could open the initiative up to almost twice the number of borrowers eligible under previous criteria, according to a DataQuick study.

Researchers found that 6.7 million more households may qualify under HARP 2.0, which has been tweaked to now include borrowers with an 80 percent or more loan-to-value ratio on their homes.

Source: “New HARP 2.0 Could Help 6.7 Million More Borrowers,” Housing Wire (02/06/12)

© Copyright 2012 Information Inc.

Read More

3 Predictions for Distressed Properties in 2012