With rates so low and selling so difficult, a lot of Coop owners are exploring refinancing their share loans. But managing agents and Coop Boards aren't processing applications too quickly. If I were on a Coop Board right now I would be looking to institute a policy of allowing any refinancing of the current balance (or less) with a lower interest rate/lower payment with minimal paperwork and only going through the usual economic proctology exam for those requesting cash-out refis.