FHFA Releases Q4 Refinance Data

Feb 15, 2017

The Federal Housing Finance Agency (FHFA) has reported that 13,220 borrowers refinanced their mortgages through the Home Affordable Refinance Program (HARP) during the fourth quarter of 2016, while the number of total refinances in the final three months of last year was 750,769.

Furthermore, 27 percent of HARP refinances in the fourth quarter were for underwater borrowers with shorter-term 15- and 20-year mortgages. The FHFA noted that more than 194,000 borrowers were able to benefit from a HARP finance, and more than 60 percent of the homeowners were based in eight states—Florida, Illinois, Michigan, Ohio, Georgia, New Jersey, Pennsylvania, New York and California—and Puerto Rico.

About the author

Phil Hall

Link copied

Published

Feb 15, 2017

Industry News

UWM, UMortgage Under Attack For Alleged Shell Scheme

A report released on April 25 by the hedge-funded media company alleges UWM set up a shell company, UMortgage.

Just weeks after allegations against United Wholesale Mortgage (UWM) were published in an exposé-style report and a class action lawsuit, Hunterbrook Media is once again putting the Michigan lender under the spotlight. On Thursday, the hedge-funded media company published...

Analysis and Data

Homebuying Excitement Is Up Among Veterans

Survey results indicate optimism about housing market among U.S. veterans and service members

Our nation’s heroes are increasingly optimistic about buying homes, new research indicates. The amount of veterans and service members who plan to purchase a home in the next six months was up by 15 percentage points year-over-year, according to the Veterans Homebuying Re...