My San Diego Homes

Big Four Set to Participate in HARP 2.0 throughout San Diego

by Linda Ring 31. October 2011 15:06

The industry’s four largest mortgage servicers all say they will be taking part in the revamped Home Affordable Refinance Program (HARP).San Diego HAMP Program

Bank of America, Chase, Citigroup, and Wells Fargo have each expressed their support of the program and the changes that will allow more underwater homeowners to refinance at today’s lower interest rates all throughout San Diego County.

Government officials expect the program’s revisions – particularly the GSEs’ waiver on representations and warranties – to increase competition for mortgage refinancing.

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