The guidelines claim that homeowners can refinance under HARP through their current lender or other lenders who service Fannie Mae and Freddie Mac loans.  However, many homeowners who need a HARP loan have mortgage insurance.  Even though these large banks and lenders support HARP, only a very small handful will do them if the loan has private mortgage insurance (PMI).

There are thousands of homeowners who have loans with mortgage insurance who need to refinance under this program!  A great example is Bank of America, who also now services all the old Countrywide loans and is the nation's largest lender.  They still won't do a PMI insured HARP loan!  Neither does Chase!  These lenders think it's okay to get government bailout money and not help the consumer when a government program is released to fix the problem.  

We once had a similar problem when these lenders had 2nd mortgages and didn't allow homeowners to refinance their loan under HARP, but that has since been fixed.  This is the last major hurdle in helping homeowners on this program.  Let's please get over this last hurdle and help our homeowners!