A drop in mortgage rates has boosted Home Affordable Refinance Program refinancings, according to nonbank servicer Walter Investment Management Corp.

"We definitely have seen a pretty sufficient lift in April and May in our HARP origination business," said Denmar Dixon, the servicer's chief investment officer, at a Keefe, Bruyette & Woods conference on Tuesday.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry