There is all kinds of luck...:)
I have closed one; I have another signing today and two tomorrow, so they are starting to come out of the underwriting assembly line. I have probably another dozen in various stages of underwriting.
There is no question it is not being implemented in the spirit it was intended by the administration. The Big Banks are making it as difficult as they can for independent lenders to take care of people who feel trapped by the Big Banks. They are charging higher interest rates, not allowing the loan-to-values HARP 2.0 was suppose to offer, etc., etc. BUT, there are lenders out there who are implementing it was intended. You just need to find a mortgage banker or broker who works with these specific lenders.
Is there some particular problem you are encountering with which we could help you?
Bill Parker, MLO