HARP 2 refinance

Good Evening,Just wondering if you've received any help yet? If not, please send me a direct message so I can offer some assistance! Have a great evening!

I think most will tell you "no problem".. We do these all the time.. But here's reality... RMIC was suspended by Fannie and Freddie around April 2011, and as of April, 2012, they no longer underwrite or insure any new business.. For this reason, most lenders who allow MI transfers will not allow RMIC LPMI to their books.. I say most, not because I know a lender that will.. In fact I'm not aware of any lender out there that will, but there might be someone out there willing to do the transfer.. There are tons of liability issues when assuming an existing policy from a company that was shut down by the federal government, so my guess is there isn't anyone willing... The only other program that might help is a proposed program called "Obama's Refinance Program".. Others are calling it HARP 3.0.. but in any case, there's nothing presented to congress as of yet, but it's supposed to be a refinance program for all those other borrowers who were not able to qualify for a refinance under all the other existing programs... stay tuned... I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

lrarmb ... We have no problem doing the HARP 2.0 refinance with LPMI. Please see my blog post on this topic. I would be pleased to send you client references to assure you that this can be easily done.1st Advantage Mortgage is a licensed lender in the state of Arizona. barb.lanis@1amllc.com

We specialize in HARP 2.0 loans. There are a lot of internal guidelines each lender has regarding these loans. Based on your scenario above I will have on problem getting you refinanced in less than 30 days. Our rates on a 30yr. fixed will be around 4% with no points. Give me a call and we can get you started. P: 888-320-7888 - www.MortgagesforAmerica.org - Ken Burrows

I personally have had 6 clients in December with the same frustrating issue. Our guidelines for funding on the HARP 2 program do not have issues with the Lender Paid Mortgage Insurance. The end result will be even more savings for you. If you would like to discuss the details, I can be reached at 602-820-0881 or via email at fernando@wjbonline.com

Do you mean Debt Collecting Agency? The main question is are you being denied because you have have LPMI with RMIC? If that is the case then all you need is a lender that will accept the RMIC. Or is it being denied for other reasons like the loan to value is too high, or the Automated Underwriting Systems findings are coming back as s refer, etc. There will be some people that respond here that you can call but these are a couple of the questions they are going to ask you. You'll get it done though

I dont understand why other lenders cannot close this loan The Home Affordable Refinance Program #2 is designed for your type of scenario. Call me ASAP. I am the broker, loan officer and processor. I will give you the service that you deserve.Jeff at 602-625-6351 or email: LiraJett@qwest.net

You should be able to refinance this loan under the Harp 2.0 as long as you are using a lender that does not have overlays. We can help you with this process. Give us a call or email us team@bestmortgageoption.com 201-962-3555

We are a direct lender with local processing and underwriting. We close loans with your situation all the time. Please give me a call, I would be happy to help you with your refinancing needs. I look forward to hearing from you! Erik - 602-318-8885.

This is an issue for some lenders that have an internal policy that prohibit them from handling these loans but others are willing to. Another potential issue is that the loan may be more than 125% of the current value. It really doesn't have much to do with it being a "government" loan, just each lender's assessment of their risk in taking it on. You should be able to find someone (like others above) who will take it but you are right to make sure they understand the total picture, both the PMI and the current value as compared to the loan amount.

its your servicer they do not want to lose the mortgage insurance ,,so they will not do a harp please contact me at yourloanpartnerforlife@live.com or 602 330 1598 linda harp is not a govt program its sort of like advertising.. i have a solution for you

Loans with lender paid mortgage insurance (LPMI), while in theory are eligible for a HARP refinance, more often than not, do not get done. Because your LPMI was with RMIC - you are going to have a nearly impossible time getting it done. Sorry. For many people, HARP 2.0 is actually HARP 2. NO.

You should be eligible to get your LPMI transferred even though it is with RMIC. Contact a local mortgage broker and if they have a good list of lenders they will be able to find somebody to help you out.