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Home » Store » News » HARP Refis Double To Record High in 1Q12

HARP Refis Double To Record High in 1Q12

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The number of Fannie Mae and Freddie Mac mortgages refinanced through the Home Affordable Refinance Program nearly doubled during the first three months of 2012 compared to the fourth quarter 2011, according to the Federal Housing Finance Agency. The FHFA’s March 2012 Refinance Report, released earlier this month, showed that HARP production skyrocketed 93.4 percent in the first quarter of 2012, to a record 180,185 loans. Fannie’s HARP production jumped 79.8 percent while HARP volume at Freddie was up a whopping 111.1 percent during the three-month period ending March 31, 2012.
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