US DATA: FHFA’s May HARP refi report says HARP loans represented 20
percent of total refinance volume in May, the largest increase since the
program was launched in 2009. The increased volume is due, in part, to
record-low interest rates on 30-year mortgages and to the removal of the
loan-to-value (LTV) cap and certain risk-based fees enabling more
borrowers to take advantage of HARP. See
http://www.fhfa.gov/webfiles/24059/Mayrefireport71612F.pdf
