Upward Spike In 95%-Plus LTV Refis

20 Jun 2012

The enhanced Home Affordable Refinance Program (HARP 2.0) appears to be the driving force behind an upward spike in refinancing of mortgages with loan-to-values of 95% and higher in May, according to Ellie Mae’s latest mortgage origination report.

The enhanced Home Affordable Refinance Program (HARP 2.0) appears to be the driving force behind an upward spike in refinancing of mortgages with loan-to-values of 95% and higher in May, according to Ellie Mae’s latest mortgage origination report. The mortgage technology firm also noted that the average LTV ...

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