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Fannie Mae Harp 2.0 Refinance in Florida

I have a current Fannie Mae Loan which is being serviced by Green Tree. The current LTV rate is 122%, which meets the criteria for being below 125%. However because of the LPMI Green Tree has informed me that I would need to be at 95% LTV in order to receive Refinancing assistance. The LPMI was paid as a single premium at the time of closing to Triad Guaranty however there appears to be some resistance or issue between Greentree and Triad Guarentee. Neither company has provided any information that can assist with applying for this program. Is there any other options that I may consider. by ocatay_128_174 from Fort Lauderdale, Florida. Jun 23rd 2012 Reply


Stephen McWilliam (StephenMcWilliam)
#136 ranked lender in Florida - 48 contributions

It may not be LPMI but rather SFMI (single financed MI). In either case you need to contact Triad to obtain a list of lenders with whom they're working with on HARP 2.0 refinances.

Jun 23rd 2012
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William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

This is a common problem when you try to use your current servicer to do a HARP loan.. ditch them and get with a local mortgage broker, they will be able to get this deal handled... 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

Jun 23rd 2012
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Michelle Curtis Loan Originator NMLS 401173 (MichelleCurtisLO)
#77 ranked lender in Florida - 2,245 contributions

I would follow Stephen's advice. All the best.

Jun 23rd 2012
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Daniel Lotter (dnllotter)
#26 ranked lender in Colorado - 58 contributions

Stephen

Jun 24th 2012
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