Well, not really. A good friend of the Global Macro Monitor sent this over yesterday, which reflects a modified version of the mortgages that drove the Housing ATM and economy before the bust. You can now refinance your home up to 125 percent of the value of your home under the HARP. WTFudge?
Fading the hope of a robust housing recovery.
(click here if chart is not observable)
Global Macro Monitor 
Up to 125% of value? The taxpayer is on the hook! I’m hearing the (HARP) music already!
Amen!