Options For Homes In Distress


The Obama Administration announced details on the Making Home Affordable Program, April 28, 2009. Making Home Affordable Program is an effort  to help responsible homeowners.  Including an effort to achieve greater affordability for homeowners by lowering  payments on their second mortgages as well as measures to help underwater borrowers stay in their homes.   See link below to learn more about this program.

http://makinghomeaffordable.gov/pr_042809.html

“This announcement will make it easier for borrowers to modify or refinance their their loans under FHA’s Hope for Homeowners Program.” Said HUD Secretary Shaun Donovan

Find out if Fannie Mae owns your loan by using the Fannie Mae Look Up Tool

http://loanlookup.fanniemae.com/loanlookup/

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