HARP Refinance Leads

Big changes ahead for HARP Refinance leads, lists. On October 24, 2011 the Federal Housing Finance Agency (FHFA), together with Freddie Mac and Fannie Mae, issued a press release announcing changes to the Home Affordable Refinance Program (HARP) in an effort to attract more eligible Borrowers who can benefit from refinancing their home Mortgages.

The program enhancements were developed at FHFA’s direction with input from lenders, mortgage insurers and other industry participants.

Below is an brief overview of some of the changes that will hopefully have a positive effect in filling up your pipeline in the coming months ahead and read on to see how we can target HARP refinance leads, lists for you to use in your marketing efforts.

RELIEF REFINANCE MORTGAGES – SAME SERVICER WITH LTV RATIOS GREATER THAN 80%

  • Extending the expiration date of this offering to December 31, 2013 (Mortgages must have Note Dates on or before December 31, 2013)
  • Removing the requirement that the Seller represent and warrant that the Mortgage being refinanced met certain Freddie Mac eligibility requirements in its Purchase Documents
  • Adding a Borrower benefit provision allowing the Relief Refinance Mortgage to be originated for the purpose of reducing the monthly principal and interest (P&I) payment
  • Requiring that at least one Borrower have a source of income and that the Seller verify the income source
  • No longer permitting determination of property value based on the appraisal or Automated Valuation Model (AVM) from the Mortgage being refinanced
  • Permitting one 30-day Delinquency within the previous 12 months on the Mortgage being refinanced provided the Delinquency was not within the previous six months
  • Removing the requirement that the occupancy of the Mortgage being refinanced and the occupancy of the Relief Refinance Mortgage be the same
  • Revising the requirement related to the age of the HVE model estimate from no more than 180 days old as of the Settlement Date to no more than 120 days as of the Note Date
  • Revising requirements for Mortgages with P&I payment increases greater than 20%
  • Adding specific requirements related to solicitation, advertising and other communications to Borrowers
  • Removal of the maximum LTV ratio of 125% for fixed-rate Mortgages sold under fixed-rate Guarantor (the 105% maximum LTV ratio for ARMs will remain).

RELIEF REFINANCE MORTGAGES – SAME SERVICER WITH LTV RATIOS LESS 80%

  • Extending the expiration date of this offering to December 31, 2013 (Mortgages must have Note Dates on or before December 31, 2013)
  • Requiring maximum total LTV (TLTV) and Home Equity Line of Credit TLTV (HTLTV) ratios of 105%
  • Requiring a minimum Indicator Score of 620
  • Adding a Borrower benefit provision allowing the Relief Refinance Mortgage to be originated for the purpose of reducing the monthly P&I payment
  • Requiring that at least one Borrower have a source of income and that the Seller verify the income source
  • Requiring verification of Borrower Funds when needed for closing
  • No longer permitting determination of property value based on the appraisal or AVM from the Mortgage being refinanced
  • No longer permitting determination of property value based on a new AVM other than HVE
  • Permitting one 30-day Delinquency within the previous 12 months of the Mortgage being refinanced, provided the Delinquency was not within the previous six months
  • Allowing Relief Refinance Mortgages .– Same Servicer with LTV ratios less than or equal to 80% to be sold to Freddie Mac when the Mortgage being refinanced had mortgage pool insurance or another negotiated credit enhancement other than recourse and indemnification. Existing requirements continue to apply when the Mortgage being refinanced had recourse or indemnification.
  • Revising requirements for Mortgages with P&I payment increases greater than 20%
  • Allowing for a more flexible use of refinance proceeds
Sellers continue to be responsible for representing and warranting that the Mortgage being refinanced met the Freddie Mac eligibility requirements in its Purchase Documents, including, but not limited to, credit, underwriting, collateral and appraisal requirements.

RELIEF REFINANCE MORTGAGES – OPEN ACCESS

Relief Refinance Mortgages. – Open Access include the following changes:

  • Adding a Borrower benefit provision allowing the Relief Refinance Mortgage to be originated for the purpose of reducing the monthly P&I payment
  • Extending the expiration date of this offering to December 31, 2013 (Mortgages must have Note Dates on or before December 31, 2013)
  • Revising the requirement related to the Mortgage payment history for the Mortgage being refinanced
  • For Mortgages with LTV ratios less than or equal to 80%, requiring maximum TLTV and HTLTV ratios of 105%
  • For Mortgages with LTV ratios less than or equal to 80%, allowing for a more flexible use of refinance proceeds
  • Removal of the maximum LTV ratio of 125% for fixed-rate Mortgages sold under fixed-rate Guarantor (the 105% maximum LTV ratio for ARMs will remain).

DELIVERY FEE CAP CHANGES
    For Relief Refinance Mortgages with LTV ratios greater than 80%:
  • The delivery fee cap has been reduced to 0 basis points for non-Investment Property fixed-rate
  • Mortgages with an amortization of less than or equal to 20 years, the delivery fee cap has been reduced to 75 basis points for non-Investment Property fixed-rate Mortgages with an amortization of greater than 20 years
  • The delivery fee cap has been reduced to 75 basis points for non-Investment Property Mortgages that are ARMs
  • The delivery fee cap for Investment Properties remains the same at 200 basis points For Relief Refinance Mortgages with LTV ratios less than or equal to 80%

How can Brokers Data Inc. help target HARP Refinance Leads?
Here are a few filters we use, call us for more info.

  • Target 620+ credit score
  • Exclude mortgage lates beyond the acceptable limits
  • Filter for HARP qualifying loan dates
  • Filter or list on output the LTV percentage if requested
  • Filter for Lender or Servicer name
  • Filter for “Most Likely” and “Likely” Freddie
  • Filter for “Most Likely” and “Likely” Fannie

Give us a call today about our HARP Refinance leads or request a quick quote below and we will contact you during normal business hours.


Contact Brokers Data

Click the "Request A Quick Quote" icon below for Fastest Service. A representative from Brokers Data Inc. will be assigned to follow up with you within the next 30 minutes, M-F 9am-6pm EST.

You may also call us at (800) 884-7507 during normal business hours. Your information is always kept completely confidential.

Request A Quick Quote



Please Feel Free to leave your comments or feedback in the section below. Please make sure to include your email address and phone number if you are requesting a reply. For product or pricing information, please use our "Quick Quote" request form. Thank you.
HTML Comment Box is loading comments...

Return To Brokers Data Home


© 2011-2018 All rights reserved. | Brokers Data Inc.

MAIN OFFICE ADDRESS:  

1320 Main Street Suite 300, Columbia, SC 29201 

MAILING ADDRESS:  

PO Box 292409, Columbia SC 29229

PARCEL SHIPPING ADDRESS:  

4611 Hard Scrabble Road #335, Columbia SC 29229


TOLL FREE: (800)-884-7507

LOCAL: (803) 254-1311

FAX-1: (888) 860-4334


Return From HARP Refinance Leads to Brokers Data | Leads, Lists, Data, Marketing Solutions and More



Mortgage Broker Leads
Automotive Leads
Insurance Agent Leads



Fast, Friendly, and Experienced Consultants

    Phone Hours:
  • Mon.-Thur. 9 am - 6 pm EST
  • Friday 9 am - 5 pm EST
  • Saturday & Sunday - Closed
    Email Hours:
  • 24/7
We gladly accept Visa, MasterCard, Discover, AMEX and Checks.

Worry Free Pricing!

Submit Form for Price Match Request

Click to Submit your price match guarantee request.

Our pricing should be extremely competitive. However, if you have a lower quote from one of our competitors, we are happy to offer a price match guarantee.


Recent Posts

  1. Expiring Loans Leases

    Dec 15, 18 11:24 AM

    Brokers Data can target expiring loans leases by exact months remaining, balance of auto loan or lease and more selects.

    Read More

  2. Mini 1003 Live Transfers

    Dec 15, 18 10:47 AM

    We provide you with a mini 1003 live transfers lead that generates maximum benefit for both you and the borrower.

    Read More

  3. Mortgage Live Transfers

    Dec 15, 18 09:59 AM

    Mortgage live transfers leads from Brokers Data are generated using your customized specifications and leads are transferred live to your loan officers.

    Read More

  4. Brokers Data | Leads | Lists | Data | Marketing Solutions

    Nov 20, 18 09:02 AM

    Brokers Data is your full service data, leads and list provider.

    Read More

  5. Mortgage Trigger Leads

    May 29, 18 07:49 AM

    Brokers Data has the freshest mortgage trigger leads and Mortgage Broker leads. We deliver early each morning and at the lowest prices.

    Read More

  6. Mortgage Lead Counts

    Feb 24, 18 04:14 PM

    Here are the mortgage lead counts that we constantly update. If you need a fresh mortgage lead count, do not hesitate to contact us at (800) 884-7507

    Read More

  7. Mortgage Leads Lists

    Jul 28, 17 10:11 AM

    Our custom pre-screened mortgage leads lists can be filtered to target your ideal prospects by credit score, loan to value, home equity, income and more.

    Read More

Exclusive Telemarketed Leads


American Marketing Association



Brokers Data Testimonials


"Thank you for the time you spent with me compiling the list I needed to generate leads for my team. You have certainly been an integral partner in helping us re-invent ourselves. Thanks again!"

Steve B. - Passaic. NJ


Moving from the individual health insurance market to the final expense insurance market, I did not have a clue how to find the people to call and what "filters" as you call them, to use. Thanks for consulting with me and helping me successfully transition into this new market."

James N. - Houston, TX


Thanks for all the help! I have already told 3 other LO's about your great service and mortgage leads. Keep up the good work!"

Tony N. - Philadelphia, PA


"Thanks for the Diabetic leads and the dialer you set up for me is fantastic!"

Judy S. - San Diego, CA


"Hey Al, my office has closed 4 deals this week from the FHA mortgage list we bought from you... please call me later to run a count for our next order. Thanks for your expertise and if results continue like this, we will be a client for a long time!"

Nick D. - New York, NY


"We really appreciate the time you spent with us regarding the mortgage trigger leads Al and it was certainly time well spent. We have had very good results and look forward to your continued good advice moving forward"

Sean O. - Boston, MA


"Our direct mail campaign has produced some really good leads. Thanks again Al!"

Neal J. - Phoenix, AZ


Click Here to View our Site Map

Download Mortgage "CWM" Inquiry Form