MSHDA, Michigan State Housing Development Authority, is on the way to the rescue Michigan homeowners facing the difficult times of delinequent payments, foreclosures and arms due.

New refinance programs will include:  ARM Assist Refinance - The purpose of this new program is to assist individuals who currently have an adjustable rate mortgage and would like to obtain a fixed rate loan in order to create housing expense certainty.

and 

 Missed Payment Refinance - The purpose of this new program is to assist individuals who currently have a delinquency on their mortgage and for whom a loss mitigation strategy aimed at reinstating their existing mortgage is not plausible. 

http://www.michigan.gov/mshda

for lending questions: 

Patty Kelso, CountryWide Home Loans, 810 241 7686