HARP, Component Servicing Shape Up Future Processes

Dymi, Amilda
December 2011
Mortgage Servicing News;Dec2011, Vol. 15 Issue 12, p15
The article reports on the implication of the changes to the Home Affordable Refinance Program (HARP) for lenders and mortgage servicers in the U.S. It is inferred that the changes, which implies that penalties are more effective than incentives, may increase demand for third-party service providers. The changes were presented at the annual meeting of Mortgage Banking Association aiming to find efficient refinancing solutions.


Related Articles

  • Up-front fees? We're worth it. Winfield, Robert // Mortgage Strategy (Online Edition);10/23/2013, p27 

    In this article, the author expresses his opinion about the increasing number of mortgage loan borrowers in Great Britain are seeking bargains at auctions as the real property market continues to stabilize. The author asserts that many properties are unmortgagable in their condition and...

  • Uncertainty Breeds Contempt. Lewis, Ken // Mortgage Banking;Jul2012, Vol. 72 Issue 10, p88 

    The article looks at the uncertainties within the mortgage market in the U.S. According to Federal Reserve Governor Elizabeth Duke, difficult decisions that will affect the future of the mortgage market should be made to eliminate uncertainties that hinder access to credit, the evolution of the...

  • Origination Efficiencies A Theme for 2011 Profits. Lepro, Sara // American Banker;1/4/2011, Vol. 176 Issue 2, p7 

    The article discusses the changing dynamics of the mortgage servicing and origination markets in the United States and the outlook for profitability in 2011. The issues of competition for fewer loan products and more government regulation are discussed from the perspective of trying to create...

  • Fractures in the housing market. SWONK, DIANE // ABA Banking Journal;Jul2014, Vol. 106 Issue 7, p8 

    In this article, the author discusses the impact of economic changes on the housing industry in the U.S. Topics discussed include the lack of first-time homebuyers, tight inventories resulting in more construction, and low supply of move-in quality existing homes. Also discussed is sharp rise in...

  • HARP 2.0 Likely to Shrink Loan Losses By About $8.5 Billion. Wennerberg, Leif // Mortgage Banking;Dec2011, Vol. 72 Issue 3, p23 

    The article discusses the effect of an update to the Home Affordable Refinance Program (HARP) from the U.S. Federal Housing Finance Agency on borrowers and lenders. It emphasizes that the HARP improvement can help borrowers refinance into lower-rate loans. It stresses that the update can...

  • Refi Activity Predicted to Grow in 2009. Mazur, Michael // Community Banker;Feb2009, Vol. 18 Issue 2, p46 

    The article reports on the prediction of the Mortgage Bankers Association of America (MBAA) about the refinancing activity in the U.S. housing market. According to the association, the total existing home sales for 2008 are slated to decline by approximately 12 percent from 2007 to 4.96 rail...

  • Vine: Calling for the Return of No Doc Loans.  // National Mortgage News;9/6/2010, Vol. 34 Issue 48, p13 

    The article presents opinions of several people on the significance of no-doc loans in the U.S. economy. It mentions the issues regarding the no-doc loans considering the number of unemployed in 2006 but could get financing. It notes the potential of refinancing without the appraisal on the...

  • The party's over. Fredrickson, Tom // Crain's New York Business;6/26/2006, Vol. 22 Issue 26, p2 

    The article reports that while New Yorkers focus on the movements of the residential real estate market like circus spectators waiting for the tightrope walker to fall, the mortgage business is already crashing to the ground, crushing commissions and obliterating jobs. A number of sources say...

  • Despite Sector Woes, State, HFAs Are Still Going Strong, Raters Say. Schroeder, Peter // Bond Buyer;10/1/2007, Vol. 362 Issue 32724, p35 

    The article reports on the continuance of strong performance of state housing finance agencies (HFAs) despite woes in the U.S. housing sector. HFAs are beginning to extend refinancing opportunities to homeowners, and this far have maintained their credit ratings doing so. It has focused mainly...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics