Fixed income portfolio manager David Schawel is a credible voice on mortgage backed securities (and a great follow on Twitter), and he did a quick investment perspective on today’s revisions to the Home Affordable Refinance Program. Good read for anyone wrapping their head around this.

Also below is a link to the consumer version I did earlier so underwater homeowners have a checklist to see if they qualify.
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–HARP Quick Guide: Investment Perspective
–I’m Underwater: Do I Qualify For New HARP Refi?