Writing in OriginationNews, Paul Muolo says changes made to the Home Affordable Refinance Program (HARP) have sparked an increase in mortgages beyond what the industry anticipated. Fannie Mae and Freddie Mac’s overhauling their automated underwriting (AU) systems has also added to competition. Noting this may be the most successful mortgage program under the Obama administration, Muolo says many in the mortgage industry are waiting for the non-government backed loans of HARP 3.0.

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