HARP 2.0 definition

HARP 2.0 means the Home Affordable Refinance Program 2.0.
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HARP 2.0 means the Home Affordable Refinance Program authorized by sections 101 and 109 of the Emergency Economic Stabilization Act of 2008, as amended by section 7002 of the American Recovery and Reinvestment Act of 2009.
Sample 1

Examples of HARP 2.0 in a sentence

  • MFA’s Agency MBS portfolio has limited exposure to HARP 2.0: The majority of MFA’s securities that could be affected have underlying mortgages that are currently in their interest-only period (limiting the incentive to refinance into a fully amortizing 30-year fixed rate mortgage).

  • Portfolio Summary Our portfolio has performed well since 2008 and the earnings power today remains relatively intact Prepayment risk is mitigated by superior portfolio construction and HARP 2.0 should have less impact on Hybrid ARMs. Credit risk is mitigated by highly-rated securities, superior loan origination years and concentration in multifamily collateral.

  • HARP 2.0 refinances represented approximately 15% of loans originated in the second quarter.

  • HARP 2.0 Analysts forecast HARP 2.0 changes could generate an additional 1 to 2 million refinances HARP 2.0 Creates Refinance Opportunities Factor HARP 1.0 HARP 2.0 Loan-to-value Capped at 125% No Limit Payment History No 30 day delinquent in last 12 months No 60 day delinquent last 12 months Appraisal Appraisal waiver granted on ~25% of loans Appraisal waiver granted on ~90% of loans Solicitation Servicer's own portfolio only due to Rep.

  • Our mortgage loan origination and sales revenue growth reflects continuing strong demand for both purchase and refinance mortgage loans in our markets, including refinances through the federal government's expanded Home Affordable Refinance Program ("HARP 2.0"), driven by low mortgage interest rates and strong secondary market profit margins that began to increase in the third quarter of 2011.

Related to HARP 2.0

  • MOE means the Borrower’s Ministry of Education;

  • McDaniel means McDaniel & Associates Consultants Ltd.

  • NI 52-109 means National Instrument 52-109 – Certification of Disclosure in Issuers’ Annual and Interim Filings;

  • NI 52-110 means National Instrument 52-110 – Audit Committees.

  • MVAR means megavolt ampere of reactive power.

  • glider means a non-power-driven heavier-than-air aircraft, deriving its lift in flight chiefly from aerodynamic reactions on surfaces, which remain fixed under given conditions of flight;

  • Tree means any object of natural growth.