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Regions Financial Management Discusses Q4 2012 Results – Earnings Call

on Jan 22, 2013 in HARP Refinance | Comments Off on Regions Financial Management Discusses Q4 2012 Results – Earnings Call

Regions Financial Management Discusses Q4 2012 Results – Earnings Call … Mortgage banking revenue, while down $ 16 million from the third quarter, remains strong and continues to be driven by new home purchases and refinances aided by the government's HARP 2 program. Approximately 63% of mortgage loans were refinances and 37 … More informaiton please visit here… HARP 2 : “Severely Underwater” Homeowners Getting Mortgage Relief The Home Affordable Refinance Program was falling short for two main reasons. First, the government had asked banks to underwrite HARP loans, while simultaneously holding these "new lenders" responsible for the errors made in underwriting on … For more informaiton please visit here… Regions Financial Management Discusses Q4 2012 Results - Earnings Call...

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