Obama's Plan
A new era of lending
The Obama administration says its mortgage-assistance program could help up to 9 million families.
The president's initiative calls for allowing 4 million to 5 million ineligible homeowners with mortgages through Fannie Mae or Freddie Mac to refinance their home loans at lower rates. To accomplish this, Obama said he would remove restrictions that prevent Fannie and Freddie from refinancing mortgages valued at more than 80 percent of a home's worth.
In depth
What this means for you:
- Allow your current Fannie Mae or Freddie Mac loan to refinance at lower rates through our Obama Loan Program
- Modify the terms of your loan to avoid risk of default and foreclosure
- Keep mortgage rates low for your family
- Future reduction of your mortgage to its fair market value
Equal Housing Opportunity. © 2009 Assent | DRE License: #01854132