Loan Think

Did HARP 2.0 Details Get Leaked Early to the Megaservicers?

There's grumbling out there in the hinterlands that some of the nation's largest servicers may've gotten an early peak at the HARP 2.0 details, allowing them to mail out solicitations early to their customers. (The official release came Monday.) If true, that sort of defeats the idea of having the megabanks get a little competition from the little guy. Perhaps a Congressional investigation should be pursued? Or maybe it's not that big of a deal – especially when you consider that Fannie Mae and Freddie Mac's automated underwriting systems cannot handle HARP 2.0 until some time in the first quarter…

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