Obama to renew push for wider mortgage refinance plan

President Barack Obama has made refinancing the centerpiece of his policy response to the housing bust. Here’s a look at what the administration is likely to push for in the coming year:

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How The Obama Mortgage Plan works president barack obama says up to 9 million struggling homeowners could get help from the housing rescue plan he outlined. The plan commits $275 billion in.

Obama Announces Refinancing Plan The Obama administration proposed a plan aimed at helping millions of homeowners refinance their mortgages to today’s historically-low rates. To make it work, he’ll need $5 billion to $10 billion.

Obama Mortgage. The Home Affordable Refinance Program (HARP) was an initiative put forward during the Obama administration, that offered a number of options designed to help homeowners, depending on their individual circumstances. Subsequently, the program came to be known as the "Obama Mortgage.". The end date to get a HARP refinance has been.

The program was created to reach some nine million borrowers with a combination of refinancing options and loan modification. Who qualifies for an Obama mortgage refinancing plan? There is a list of requirements, but the basic rules include: Being current on all mortgage payments for the past year.

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New Government Refinance and Home Purchase Programs Now Available [Update – The Fed has been compressing mortgage interest rates on Fannie Mae, Freddie Mac, FHA, VA, and USDA mortgages for some time now.Due to those efforts and other market factors, interest rates most 15-30 year fixed government-backed mortgages remain quite low by historical standards.

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