obama mortgage refinance program

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The Obama Mortgage The U.S. government has created several programs aimed at helping borrowers in financial trouble avoid foreclosure, stay in their homes, and make their mortgage payments more affordable. Some use a catch-all term, "Obama mortgage" to describe one or more of these programs. What is an Obama mortgage?

The Home Affordable Refinance Program (HARP), also known as the Obama Refinance Program, was set up by the federal government in 2009 in response to the widespread collapse in home prices that had occurred as a result of the 2007-08 credit crunch.

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Official Program of the U.S. Department of the Treasury & the U.S. Department of Housing and Urban Development.. a HUD-approved housing counseling agency help you understand your options, prepare your application, and work with your mortgage company. contact A Housing Counselor

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Mortgage Warehouse Funding Limited (“MWFL”) under its N20 billion Asset-Backed commercial paper programme has pre-financed.

President Obama on Monday announced new measures to help borrowers refinance their existing mortgages to new loans with lower interest rates and cheaper monthly payments. The plan is an expansion.

Obama Refinance Program. The program is available for mortgage borrowers who owe 25% or more on their mortgages than what their homes are worth in the market today. The basic issue is in recent times due to the economic recession, the market value of the real estate and the property has sharply declined in many places.

The HARP program, commonly known as the Obama Refinance, can help save you money each month. See how to qualify.

For Immediate Assistance Call 888-995-HOPE (4673) (Hearing impaired: 877-304-9709 TTY) Let an expert from a HUD-approved housing counseling agency help you understand your options, prepare your application, and work with your mortgage company.

Mortgage Refinancing. Refinancing your mortgage allows you to pay off your existing mortgage and take out a new mortgage on new terms. You may want to refinance your mortgage to take advantage of lower interest rates, to change your type of mortgage, or for other reasons.

Objective: The federal government’s Home Affordable Refinance program is intended to help creditworthy homeowners whose homes have decreased in value refinance their mortgages to obtain lower.