Home Affordable Refinance Program
Date:
February 18, 2009
Who:
Treasury
Policy Area:
Sector Policy (Non-Financial)
Action Type:
Regulatory Change Mortgage owners will be allowed to refinance with less home equity than what was permitted by previous regulations. Program applies to loans owned or guaranteed by Fannie Mae and Freddie Mac and is one of two principle programs under the Treasury's Making Home Affordable program.
Source:
Notes:
Budgetary impact of program is not known. Maximum and current costs also unknown.
