If you’re in foreclosure or thinking it’s close, there’s great news for you from Bloomberg….additional information that may help you to avoid foreclosure…..
Borrowers with mortgages backed by Fannie Mae (FNMA) or Freddie Mac (FMCC) will have until the end of 2015 to obtain new loans under the Home Affordable Refinance Program, the Federal Housing Finance Agency said today.
HARP previously was scheduled to expire at the end of 2013. The program allows borrowers to cut their loan payments by refinancing at lower interest rates even if they are stuck in homes that have lost value.
BLOOMBERG
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It doesn’t work for Wells fargo bank.
thank you,very useful information