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Govt Making a Home Affordable Program for Homeowners

This is the new logo for President Barack Obama’s “Making Home Affordable” program, which was introduced on March 4 to “stimulate” the housing market and reduce interest rates/loan amounts for homeowners struggling to meet their monthly mortgage obligations.

The official “Making Home Affordable” Web site can be found at: 

  http://www.makinghomeaffordable.com

Here are the three basic goals of the program:

  1. Refinancing for up to 4 to 5 million responsible homeowners to make their mortgages more affordable
  2. A $75 billion homeowner stability initiative to reach up to 3 to 4 million at-risk homeowners
  3. Supporting low mortgage rates by strengthening confidence in Fannie Mae and Freddie Mac