In August 2013, 68,340 refinances were completed through HARP, bringing the total refinances through HARP from the inception1 of the program to 2,886,856. The Home Affordable Refinance Program was established in 2009 to assist homeowners lower their interest rate or obtain a more stable loan program who are unable to access a refinance due to a decline in their home value. HARP enhancements took effect in 2012 to increase access to the program for responsible borrowers. The program was scheduled to expire on December 31, 2013 and was extended in April to expire on December 31, 2015. Highlights From The August 2013 FHFA Report: ● Refinance volume continued to decrease in August after mortgage rates rose in July. Mortgage rates continued to rise in August: the average interest rate on a 30 year fixed rate mortgage reached 4.46 percent. ● In August 2013, 68,340 refinances were completed through HARP, bringing the total refinances through HARP from the inception of the program to 2,886,856. ● HARP volume reached 23 percent of total refinance volume during the month, and 17 percent of the loans refinanced through HARP were at a loan-to-value ratio greater than 125 percent. ● Year-to-date through August 2013, borrowers with loan-to-value ratios greater than 105 percent accounted for 42 percent of the volume of HARP loans. ● Year-to-date through August 2013, 19 percent of HARP refinances for underwater borrowers were for shorter-term 15- and 20-year mortgages, which build equity faster than traditional 30- year mortgages. ● Year-to-date through August 2013, HARP refinances represented 57 percent of total refinances in Nevada and 50 percent in Florida, more than double the 22 percent of total refinances nationwide over the same period. Read More about the recent HARP Refinance Report: http://www.mortgagehomebase.com/top-10-states-for-harp-refinances-in-august-2013/ See if you are eligible for HARP here: http://harpmortgagelender.com/check-eligibility

1. #1) Florida HARP Refinances
In August, 2013, Florida ranked number one in the list of top ten states for total refinances completed under the Home Affordable Refinance
Program. Refinances for the month totaled 8,174 (262,273 since inception), with 2,873 for mortgages that had a LTV higher than 125%.

2. #2) California HARP Refinances
In August, 2013, California ranked number two in the list of top ten states for total refinances completed under the Home Affordable Refinance Program.
Refinances for the month totaled 7,771 (397,273 since inception), with 2,021 for mortgages that had a LTV higher than 125%.

3. #3) Georgia HARP Refinances
In August, 2013, Georgia ranked number three in the list of top ten states for total refinances completed under the Home Affordable Refinance
Program. Refinances for the month totaled 4,220 (138,869 since inception), with 854 for mortgages that had a LTV higher than 125%.

4. #4) Michigan HARP Refinances
In August, 2013, Michigan ranked number four in the list of top ten states for total refinances completed under the Home Affordable Refinance
Program. Refinances for the month totaled 4,207 (192,853 since inception), with 845 for mortgages that had a LTV higher than 125%.

5. #5) Illinois HARP Refinances
In August, 2013, Illinois ranked number five in the list of top ten states for total refinances completed under the Home Affordable Refinance
Program. Refinances for the month totaled 3,588 (188,508 since inception), with 892 for mortgages that had a LTV higher than 125%.

6. #6) Ohio HARP Refinances
In August, 2013, Ohio ranked number six in the list of top ten states for total refinances completed under the Home Affordable Refinance
Program. Refinances for the month totaled 3,069 (104,446 since inception), with 264 for mortgages that had a LTV higher than 125%.

7. #7) Arizona HARP Refinances
In August, 2013, Arizona ranked number seven in the list of top ten states for total refinances completed under the Home Affordable Refinance
Program. Refinances for the month totaled 2,948 (141,507 since inception), with 761 for mortgages that had a LTV higher than 125%.

8. #8) Washington HARP Refinances
In August, 2013, Washington ranked number eight in the list of top ten states for total refinances completed under the Home Affordable
Refinance Program. Refinances for the month totaled 2,100 (119,062 since inception), with 240 for mortgages that had a LTV higher than
125%.

9. #9) Texas HARP Refinances
In August, 2013, Texas ranked number nine in the list of top ten states for total refinances completed under the Home Affordable Refinance
Program. Refinances for the month totaled 2,076 (64,386 since inception), with 28 for mortgages that had a LTV higher than 125%.

10. #10) Virginia HARP Refinances
In August, 2013, Virginia ranked number ten in the list of top ten states for total refinances completed under the Home Affordable Refinance
Program. Refinances for the month totaled 2,031 (84,167 since inception), with 138 for mortgages that had a LTV higher than 125%.