2012-09-09mortgagenewsdaily.com

``Freddie Mac and Fannie Mae refinanced a total of 356,091 loans in July and 2,525,853 since the first of the year a pace well ahead of 2011 when the two government sponsored enterprises (GSEs) refinanced a total of 3,229,066 during the entire year. The combined number of HARP loans financed by Freddie and Fannie during July was 96,370 or just over 27 percent of all of their refinances that month. HARP loans have represented 20.6 percent of loans so far this year, a share that has increased steadily since January. The half-million plus HARP loans thus far in 2012 have outstripped the 400,024 loans refinanced through the program in all of 2011 before enhancements were announced. ''


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