(Archived Content)
2009-3-19-10-53-38-8817
The U.S. Department of the Treasury and the Department of Housing and Urban Development has launched a new website for consumers seeking information about the Obama Administration's Making Home Affordable © loan modification and refinancing program. MakingHomeAffordable.gov offers features including interactive self-assessment tools that will empower borrowers to determine if they're eligible to participate and calculate the monthly mortgage payment reductions they could stand to realize under the Making Home Affordable program.
First announced by President Barack Obama in February, Making Home Affordable will offer assistance to as many as 7 to 9 million homeowners making a good-faith effort to make their mortgage payments, while attempting to prevent the destructive impact of the housing crisis on families and communities. MakingHomeAffordable.gov is a joint effort of the Department of the Treasury and HUD.
Education and outreach is central to the success of our Making Home Affordable program, said Treasury Secretary Tim Geithner. Putting resources and tools directly in the hands of homeowners will expedite the process of delivering relief to responsible borrowers , and stabilizing the housing market is central to our overall economic recovery.
LINKS