What help is available for borrowers who stay current on their mortgage payments?

Friday mid-afternoon , February 27, 2009.

What help is available for borrowers who stay current on their mortgage payments but have seen their homes decrease in value?

From a series of guided questions and answers from Help for Homeowners at The White House blog.


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Under the Homeowner Affordability and Stability Plan, eligible borrowers who stay current on their mortgages but have been unable to refinance to lower their interest rates because their homes have decreased in value, may now have the opportunity to refinance into a 30 or 15 year, fixed rate loan.  Through the program, Fannie Mae and Freddie Mac will allow the refinancing of mortgage loans that they hold in their portfolios or that they placed in mortgage backed securities.

By   white_house  
Feb 27, early evening |  Report?