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Obama widens mortgage refi program

With home prices still falling, administration opens up rescue program to homeowners whose loans are 125% of their home’s value.

NEW YORK (CNNMoney.com) — The Obama administration is widening its mortgage refinancing program to allow more borrowers hit hard by falling home prices to take part.

Borrowers whose loans are now worth up to 125% of their home’s value are now eligible to refinance their homes under the Obama foreclosure prevention plan announced in February. Previously, the limit was 105%.

The move acknowledges that home prices in many areas have fallen so far that many people were shut out of the program.

Read More:

http://money.cnn.com/2009/07/01/news/economy/Obama_refi_program/index.htm?po

This entry was posted on Thursday, July 9th, 2009 at 1:32 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

6 Responses to “Obama widens mortgage refi program”

  1. Kylie Batt says:
    April 12, 2010 at 2:30 am

    Вы не правы. Я уверен. Могу это доказать. Пишите мне в PM, обсудим….

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  2. Kylie Batt says:
    April 21, 2010 at 2:16 am

    Подтверждаю. Я согласен со всем выше сказанным. Можем пообщаться на эту тему….

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  3. Kylie Batt says:
    May 13, 2010 at 1:47 pm

    Действительно и как я раньше не подумал про это…

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