Great question, Tom, and one that loan originators have been asking since HARP came out. Likely there is no specific reason for it, just that when the program started there had to be some cutoff date established. Rumor has it that HUD may soon come up with HARP 3, which may expand the eligibility dates and perhaps even allow HARP refinances on previous HARP loans. We’ll know soon, likely in a couple of months. Glad to answer any specific questions on HARP loans for anyone, I originate nationally.
Thanks, Ted 314-740-0004