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[18 Sep 2011 | One Comment | 2,991 views]
Obama explores refinancing — again

On Sept. 8, President Barack Obama made some references to revisiting the issue of making refinancing options available to home owners who are struggling with their mortgages.
We’ve heard such talk before and the result was the Home Affordable Refinance Program (HARP), which was put in place a few years ago in hopes of giving people with mortgages backed by Fannie Mae and Freddie Mac a way to refinance at lower rates. That program has helped fewer people than federal officials hoped in that approximately 883,000 home owners have been helped …