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HARP 3.0 Chatter Sparks Private-Label Loan Debate

Mortgage experts recently met with White House officials to discuss housing and mortgage issues, resurfacing the possible idea of establishing HARP 3.0. The push for more HARP would allow private-label loans to be refinanced through the GSEs, Compass Point said.

Mortgage experts recently met with White House officials to discuss housing and mortgage issues, resurfacing the possible idea of establishing a Home Affordable Refinance Program 3.0 program.

Particularly, the Obama Administration is intending to push for a HARP 3.0 program, allowing private-label loans to be refinanced through Fannie Mae and Freddie Mac, according to analysts at Compass Point Research & Trading.

Read the full report here.