Industry NewsMortgage

CoreLogic: 2.3M homeowners may qualify for ‘HARP 2.0’

Reports suggest lenders are finding refis profitable

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Lenders are finding they can make a bundle refinancing underwater homeowners under the Obama administration's revamped Home Affordable Refinancing Program (HARP), and CoreLogic has rolled out a new service that helps loan originators identify eligible borrowers.CoreLogic HARP 2.0 lead-list service searches the company's vast loan database, applying automated valuation models (AVMs), lien information, and other analytics to identify more than 2.3 million borrowers CoreLogic says have a "strong likelihood" of potential eligibility for HARP refinancing."Our ability to provide specific homeowner data, highly accurate loan-to-value estimates, identification of lenders, current owner occupancy status, and liens associated with a property can be especially helpful to originators looking to build or defend their current portfolio," the company said.When it was launched in February 2009, the HARP program was intended to help "responsible" borrowers with little or n...