It is the highest number of refinancings under the Home Affordable Refinance Program since June when 137,500 GSE loans with loan-to-value ratios above 80% were refinanced in one month.
In November, HARP refis with LTVs above 125% totaled 30,670, up 43% from October and refinances of loans with LTVs between 105% and 125% jumped 20% to 28,655.
Overall, HARP refis comprised 23% of refinancings in November, compared to 19% in October.
November refinances also pushed the HARP program (launched in 2009) over the 2 million mark.
During the first 10 months of 2012, GSE seller/servicers completed nearly 998,300 HARP refinances.