HARP 2.0 Denied due to "credit enhancement"I was so excited to finally be able to refinance my 185% underwater mortgage with HARP 2.0. I was shocked when it came back ineligible when the lender used DU REFI PLUS and they even called FNMA. No concrete explanation was given. I contacted another B/D and he ran numbers and I think some of his colleagues spoke with FNMA. No concrete explanation was given. I called my servicer (Seterus) and FNMA and I am finally told that my loan has "credit enhancement" and it is not eligible. I learned that "credit enhancement" is something the lender and FNMA agree to and has nothing to do with my A/A+ credit rating, consistent never late payments, good income etc. So why won't they HARP 2.0 refinance my home? Because they are allowed to exclude it. This makes no sense to me! Has anyone ran into this and what can we do about it?May 16 2012 - Waterford00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.