The divergence in Home Affordable Refinance Program refinancing among big lenders continued to narrow in November, according to the Royal Bank of Scotland’s December prepayment report. Generally, Chase has been the most consistent HARP refinancer, prepaying faster than any other lenders, especially in higher coupons. However, in November, the big lender prepaid at much slower rates.
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Reactions to HARP refinancing narrows among big lenders
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