home affordability refinance program: Making Home Affordable Update -- FAQs - 05/12/09 07:42 PM
I have received a lot of feedback on my original posting entitled "The Home Affordability Refinance Program." You can read the original post and comments here. The goal of my original posting was to provide information regarding the newly announced "Making Home Affordable Program." Here' s a quick review: The program has two components: the modification program -- designed to reduce the monthly payment of struggling homeowners to a more affordable level to keep them in their homes; and The refinance program -- designed to allow homeowners to refinance into a lower rate who are not able to qualify otherwise because of a loss
(8 comments)
|
home affordability refinance program: The Home Affordable Refinance Program - 03/04/09 02:16 PM
Please see the bottom of this post for updates and lots of great comments below that! Original title of this blog was "The Home Affordability Refinance Program" (corrected from 'affordability' to 'affordable') once the program title had been verified. As announced in February, the terms of the $75 billion foreclosure mitigation plan were released today. You can read the CNBC article here. Here are my Cliff Notes: The Home Affordable Refinance Program will be available to 4 to 5 million homeowners whos mortgage is currently owned by Fannie Mae or Freddie Mac and aimed primarily at people facing 'imminent hardship.' Borrowers
(103 comments)
|
|
|
|