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On the Attack: The GSEs Under Siege

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Th e M Rep o RT | 49 O r i g i nat i O n s e r v i c i n g a na ly t i c s s e c O n da r y m a r k e t ANALYTICS around the u. s. Source: http://www.fhfa.gov/AboutUs/Reports/ReportDocuments/201307_RefiReport_N508.pdf California 88,336 12,324 426,620 Florida 78,415 14,791 296,114 Michigan 43,936 9,412 213,341 Illinois 37,668 9,536 208,250 Georgia 38,929 8,427 157,682 Arizona 32,174 5,604 154,000 Washington 21,714 4,036 127,808 Ohio 24,925 8,003 120,533 Minnesota 19,248 3,887 110,111 New Jersey 17,265 4,734 94,937 Virginia 17,551 4,267 93,214 Maryland 17,764 4,505 90,824 North Carolina 16,257 4,322 81,147 Texas 15,700 4,129 74,132 Oregon 12,316 2,191 70,590 New York 11,651 3,362 68,980 Pennsylvania 12,893 4,365 68,686 Nevada 16,316 2,580 61,407 Wisconsin 9,985 3,257 60,803 Massachusetts 10,743 2,311 60,754 Colorado 8,747 1,732 57,358 Missouri 10,999 3,342 53,963 Indiana 7,853 2,732 44,224 Utah 6,913 1,171 41,517 South Carolina 8,949 2,401 39,717 Tennessee 7,683 2,131 35,044 Connecticut 7,011 2,065 34,629 Idaho 5,922 955 28,425 Alabama 6,579 1,950 27,305 New Hampshire 3,971 1,037 20,801 New Mexico 3,626 1,068 16,889 Kentucky 2,647 941 14,179 Rhode Island 2,847 753 13,317 Delaware 2,686 636 13,272 Louisiana 2,379 913 13,130 Arkansas 2,527 682 12,805 Iowa 2,170 727 12,143 Kansas 2,296 847 12,113 Mississippi 2,521 780 10,787 Maine 1,799 519 9,092 Hawaii 1,702 311 8,850 Oklahoma 1,440 580 8,509 Nebraska 1,164 468 7,647 Montana 1,075 202 6,176 West Virginia 1,398 356 5,966 Wyoming 512 133 3,791 District Of Columbia 577 155 3,398 Vermont 488 146 2,639 Alaska 290 91 2,161 South Dakota 247 55 1,573 North Dakota 69 11 546 HarP Out of Hope? Despite the government's efforts to push it—including delaying its expiration and hosting town hall meetings—the Home Affordable Refinance Program (HARP) continues to lose steam among refinancing borrowers. The latest FHFA refinance data shows where the program has fallen off most and where it still enjoys some popularity. State HaRP RefinanceS, Y tD JulY 2013 HaRP RefinanceS, Y tD JulY 2014 HaRP RefinanceS (Since incePtion)

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