General Discussion
In reply to the discussion: Why Elizabeth Warren Left The GOP [View all]ucrdem
(15,720 posts)There have several federal programs, including Hope for Homeowners, Making Homes Affordable, and the Mortgage Relief Plan, in various annual incarnations:
The Obama Mortgage Relief Plan In 2013 , Best Beneficial Program For All Under Water Homeowners
http://patch.com/california/fairoaks-carmichael/the-obama-mortgage-relief-plan-in-2013--best-beneficial-program-for-all-under-water-homeowners_77194038
The Obama Mortgage.
There has been a lot of press on what many people call the Obama Mortgage. But what IS an Obama Mortgage and who is eligible?
In early 2009, the Obama administration announced a program called Making Home Affordable. This program is expected to help nine million homeowners keep their homes and avoid foreclosure through refinancing and modified loans designed to lower monthly mortgage payments.
The Obama mortgage is not part of the Hope for Homeowners program started in 2008. Making Home Affordable does offer hope for homeowners in need of mortgage rescue, but there are specific conditions for the program. Do you wish to apply for refinancing under Making Home Affordable?
http://www.fha.com/obama_mortgage
Making Home Affordable
An official program of the Departments of the Treasury & Housing and Urban Development
http://www.makinghomeaffordable.gov/pages/default.aspx