Federal Government Offers Mortgage Refinancing and Modification to Eligible Homeowners Through Making Home Affordable Program

The Making Home Affordable Program is part of the federal government's comprehensive plan to stabilize the U.S. Housing market. Eligible families may be able to refinance or modify their current mortgage to a more affordable monthly payment. Through this program, Fannie Mae and Freddie Mac will allow the refinancing of qualified mortgage loans that they own or that they placed in mortgage backed securities.

Consumers should visit the web site www.makinghomeaffordable.gov for educational resources and to use the self-assessment tools to see if they qualify for this program.

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